Discover how absolute and comparative advantage influence global trade, highlighting real-world examples and implications for economic decision making.

Forbes contributors publish independent expert analyses and insights. Sarah Williamson covers capital markets and long-term strategies. In a competitive marketplace, businesses need to know their ...

Kennedy, Robert E., and Nancy F. Koehn. "Economic Gains from Trade: Comparative Advantage." Harvard Business School Background Note 796-183, June 1996. (Revised November 1996.) ...

A comparative advantage means having the lowest cost of producing a product. Numerous factors contribute to comparative advantage. Having a comparative advantage allows a company to lower prices on ...

New York has its share of the US technology providers serving the financial industry, and is certainly mastering co-location for its major securities exchanges. But there's something different in the ...