What is the Definition of Comparative advantage?

What is the Definition of Comparative advantage?

the idea that areas tend to be more efficient in certain economic activities than others and so should specialise in them in order to maximize their quality of life through trade.

Source: https://www.itseducation.asia/

Label: Geography
Theme: Dictionary of Geography Terms

Other Questions: What is the definition of Biomass?

What is the Definition of Comparative advantage in Geographic Terms?

You can find other random definition and meaning of geographic terms below:


What is the meaning of Oxidation

(1) Chemical attachment of free oxygen to other elements and compounds. One of the types of chemical weathering. (2) Loss of an electron during a chemical reaction from one atom to another.


What is the meaning of Paleoclimatology

Scientific study of the Earth's climate during the past.


What is the meaning of Paleolake

An ancient lake that existed in the past when hydrological conditions were different.


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