Comparative advantage is the ability to produce a good at a lower opportunity cost than others.

Name: Comparative advantage is the ability to produce a good at a lower opportunity cost than others.
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Comparative advantage is based on the idea that a country, firm, or individual can produce a good or service at a lower opportunity cost than another entity. In other words, they can produce something more efficiently or with fewer resources and therefore have a comparative advantage in that area.

Comparative Advantage Is the Ability to Produce a Good at a Lower