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TeachMeFinance.com - explain Comparative advantage Comparative advantage The term 'Comparative advantage ' as it applies to the area of agriculture can be defined as ' Refers to the economic theory that in international trade it is more advantageous for a country to devote its resources not to all lines of production in which it may have superiority (least cost production), but to those in which its relative superiority is greatest. Two countries may find trade mutually profitable even if one of the countries could produce all goods at lower cost than the other'. Previous 5 Terms: Company automotive (retail) outlet Company-lessee automotive outlet Company-open automotive outlet Company-operated automotive outlet Company-operated retail outlet Next 5 Terms: Comparative genomics comparative language compare Comparison value (CV) compass, surveyor's About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.