Comparative Advantage refers to the relative advantage between trading parties. It explains why transactions occur even in the absence of absolute advantage. The basis for trade, specialization, and swap transactions.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). comparative advantage. Retrieved September 22, 2026, from http://smartdefine.org/comparative_advantage/definitions/1150358 |
| Chicago | Barry Goldsmith. 2010. "comparative advantage" http://smartdefine.org/comparative_advantage/definitions/1150358 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, comparative advantage, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/comparative_advantage/definitions/1150358>. |
| MLA | Barry Goldsmith. "comparative advantage" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/comparative_advantage/definitions/1150358> |