Comparative advantage. It is being able to produce goods by using fewer resources, at a lower opportunity cost, that gives countries a comparative advantage. The gradient of a PPF reflects the opportunity cost of production. Increasing the production of one good means that less of another can be produced.
In international trade comparative advantage is measured in efficiency.
Comparative advantage is an economy's capability to provide a particular properly or provider at a lower possibility cost than its buying and selling partners. The theory of comparative benefit introduces the possibility fee as an aspect for analysis in deciding between special alternatives for production.
The comparative benefit includes inherited sources, along with hard work, weather, arable land, and petroleum reserves.
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