comparative advantage

noun

The ability to produce a particular good at a lower relative opportunity cost than another producer.

Opposite
absolute advantage
Ask AI about this wordChatGPTClaudePerplexityGoogle AIGrok

Meanings

nouncomparative advantage (countable and uncountable, plural comparative advantages)

plural comparative advantages

  1. countableuncountableeconomicsThe ability to produce a particular good at a lower relative opportunity cost than another producer.

    Antonyms: absolute advantage

Synonyms & antonyms

nounThe ability to produce a particular good at a lower relative opportunity cost than another producer.

Opposite
absolute advantage

Translations

Czech komparativní výhoda
  • komparativní výhodathe ability to produce a particular good at a lower relative opportunity cost than another producer
Finnish suhteellinen etu
  • suhteellinen etuthe ability to produce a particular good at a lower relative opportunity cost than another producer
French avantage comparatif
  • avantage comparatifthe ability to produce a particular good at a lower relative opportunity cost than another producer
Indonesian keunggulan komparatif
  • keunggulan komparatifthe ability to produce a particular good at a lower relative opportunity cost than another producer
Irish buntáiste comparáideach
  • buntáiste comparáideachthe ability to produce a particular good at a lower relative opportunity cost than another producer
Malay faedah berbanding
  • faedah berbandingthe ability to produce a particular good at a lower relative opportunity cost than another producer
Polish przewaga komparatywna
  • przewaga komparatywnathe ability to produce a particular good at a lower relative opportunity cost than another producer
Russian сравни́тельное преиму́щество
  • сравни́тельное преиму́щество (sravnítelʹnoje preimúščestvo)the ability to produce a particular good at a lower relative opportunity cost than another producer
Spanish ventaja comparativa
  • ventaja comparativathe ability to produce a particular good at a lower relative opportunity cost than another producer
Cite this entry
APA

comparative advantage. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/comparative%20advantage

MLA

“comparative advantage.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/comparative%20advantage. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “comparative advantage,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/comparative%20advantage.

Source: comparative advantage on Wiktionary, CC BY-SA 4.0.