Comparative advantage is one of the underlying principles driving the growth of global business.

Question

Quizplus · Accepted Answer

Comparative advantage refers to the concept that countries should specialize in producing goods or services that they can produce more efficiently than other countries, and then trade with other countries for goods or services they are not as efficient in producing. This principle promotes international trade and is a main driver of global business.

Comparative Advantage Is One of the Underlying Principles Driving the Growth