For a country to have a comparative advantage in a good, it must have:

Question

Business

Messiah Welch

10 March, 22:11

For a country to have a comparative advantage in a good, it must have:

+5

Answers (1)

Know the Answer?

Messiah · Answer 1

For a country to have a comparative advantage it means it can produce something and can lower it prices, not necessarily in volume, compared to other countries. Most important concept in comparative advantage, both parties can mutually benefit with one another.