Share this entry

comparative advantage Syllabification: com·par·a·tive ad·van·tage

Definition of comparative advantage in English:


The ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity.
Example sentences
  • The idea of this approach is that because of social practices, institutional complementalities develop within a nation-state that create comparative advantages in certain activities and products.
  • Business economists have a strong comparative advantage in analyzing how such events are likely to affect their employers.
  • Cambodia thus has to look to distant shores where its products have comparative advantages, such as the markets of the United States, the European Union, Japan and South Korea, he said.

Definition of comparative advantage in:

Share this entry


What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day fortissimo
Pronunciation: fɔːˈtɪsɪməʊ
(especially as a direction) very loud or loudly