Comparative advantage is one of the core principles in economics that helps explain the basis for trade and specialization. It occurs when a party, whether an individual, business, or country, can produce a good or service at a lower opportunity cost than others. This principle is vital in showing that even though no country or individual can possess an absolute advantage in the produ... https://www.fbsedu.in/static/js/main.59b6eaac.js:75:149710