English-Finnish translations for comparative advantage

  • suhteellinen etuAlhaisista palkoista on tullut suhteellinen etu kilpailukykyisillä markkinoilla. Low salaries have become a comparative advantage in the competitive market. Kun Tyynenmeren mailla on tarpeita ja meillä suhteellinen etu jollakin alalla, me tarjoudumme auttamaan. Where the Pacific countries have needs and we have comparative advantages, there we propose to assist. Meidän on pohdittava uudelleen David Ricardon ajoilta periytyviä vanhoja ajatuksia siitä, että suhteellinen etu toimii aina kaikkien parhaaksi. We need to look again at the old ideas dating from David Ricardo onwards that comparative advantage always works in everybody’s best interests.

Definition of comparative advantage

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

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