비교우위

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비교우위(Comparative Advantage)에관한 영문 리포트..

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What is the Comparative advantage? Basically long time ago this concept was understood in economists; and comparative advantage concepts was mentioned in An Inquiry into the
Nature and Causes of the Wealth of Nations by Adam smith.(Principles of Economics by Menkiw p55) David Ricardo managed the concepts, that is the most wide spread definition of Comparative Advantage. There are many economists and they define comparative advantage in their ways, but the basic concept is this; Principles of Economics’ writer Mankiw said, producer who has less opportunity cost than other producer has comparative advantage.
Before going to the topic we should think about absolute advantage. Even though one producer has comparative advantage, it does not mean that producer has better producing ability. Possibly one has the absolute advantage which one has better ability than the other. Mankiw’s principal of economy second edition page 60,

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