Economics A-Level
Comparative Advantage
What Comparative Advantage means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Comparative Advantage
The ability of an agent to produce a particular good or service at a lower opportunity cost than its trading partners.
Topics that use Comparative Advantage
- International economics (Pearson Edexcel A-Level)
Related terms
Using Comparative Advantage in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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