Comparative advantage

Comparative advantage is the goods in which a nation has its greatest productivity advantage or its smallest productivity disadvantage; also, the goods that a nation can produce at a lower cost when measured in terms of opportunity cost.

Definition

According to Principles of Economics by Timothy Taylor (3rd edition),

Comparative advantage. The goods in which a nation has its greatest productivity advantage or its smallest productivity disadvantage; also, the goods that a nation can produce at a lower cost when measured in terms of opportunity cost.