Economics GCSE
Comparative Advantage
What Comparative Advantage means in Economics GCSE, as defined for Pearson Edexcel.
Definition of Comparative Advantage
Check what you remember
Read the wording for your board, then hide it and explain Comparative Advantage in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
When a country can produce a good or service at a lower opportunity cost than another country.
Topics that use Comparative Advantage
- International trade (Pearson Edexcel GCSE)
- The global economy (Pearson Edexcel GCSE)
Related terms
- Tariff
- Current account deficit
- Globalisation
- International trade
- Exchange Rate
- Multinational Corporation (MNC)
- Protectionism
- Quota
Using Comparative Advantage in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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