Comparative advantage (比较优势)

Comparative advantage (比较优势 bǐ jiào yōu shì) is a kind of advantage (优势 yōu shì) which refers to the condition that the country can produce the same quantity of a good or service with a lower opportunity cost compared (比较bǐ jiào) to another country. Also see: absolute advantage (绝对优势 jué duì yōu shì).

Part 1: Breakdown of Words

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