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    comparative advantage

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    Would there ever be an instance in which a relatively small country could benefit from comparative advantage with a much larger country? What would that situation look like? What circumstances might tend to lend themselves to benefit smaller countries for trade with larger ones?

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    https://brainmass.com/economics/comparative-advantage/comparative-advantage-instances-216409

    Solution Preview

    Yes, a small country can definitely benefit from comparative advantage with a much larger country. Such a situation occurs when smaller country has specific advantage in some particular trade, product or service, either due to natural resource, production capability or skilled labor force for that product or service. For ...

    Solution Summary

    Would there ever be an instance in which a relatively small country could benefit from comparative advantage with a much larger country is determined in the solution.

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