See Also: Comparative advantage(finance)
comparative advantage(encyclopedia)
Comparative advantage(money)
comparative(dictionary)
comparative pathology(medicine)
comparative physiology(medicine)
comparative psychology(medicine)
psychology, comparative(medicine)
Comparative study(health)
Comparative Advertising(money)

penannular (iou) and comparative advantage (sh)


penannular (iou)



penannular adjective. M19.
[formed as PENE- + ANNULAR.]
Nearly annular; of the form of an almost complete ring.

comparative advantage (sh)




Economic theory first advanced by Robert Torrens and David Ricardo that analyzes international trade in terms of differences in relative opportunity costs.

The theory suggests that countries should specialize in the goods they can produce most efficiently rather than trying for self-sufficiency and argues strongly in favour of free international trade.