Meaning of COMPARATIVE ADVANTAGE in English

COMPARATIVE ADVANTAGE

The ability of a producer to produce a good at a lower marginal cost than other producers; marginal cost in the sacrifice of some other good compared to the amount of a good obtained. a country has an comparative advantage over another in one good as opposed to another good if its relative efficiency in the production of the first good is higher than the other country's

Environmental economics English glossary.      Английский глоссарий экономики окружающей среды.