Why can't one country have a comparative advantage over another country in the production of everything if the first country has excellent natural resources, a huge capital stock, a highly skilled labour force, and ingenious technicians and managers, while the second country is poor in all four areas?© BrainMass Inc. brainmass.com October 10, 2019, 12:34 am ad1c9bdddf
One country can't have a comparative advantage over another country in producing everything even though it is rich on all categories. The country can have an "absolute" advantage in all products/services but not comparative advantage. This is because the country should specialize in goods that it can manufacture ...
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