Check the Flight distance between eurostar train london and Brussels Belgium.Travel time is an important point to know with the driving distance. Hence you might also want to know the Travel Time from eurostar train london to Brussels Belgium.
Wiktionary(0.00 / 0 votes)Rate this definition: comparative(Noun) A construction showing a relative quality, in English usually formed by adding more or appending -er. For example, the comparative of green is greener; of evil, more evil. comparative(Noun) A word in the comparative form.
Absolute advantage and comparative advantage are two terms that are widely used in international trade. Both terms deal with production, goods and services. Absolute advantage is a condition in which a country can produce particular goods at a lower cost in comparison to another country.On the other hand, comparative advantage is a condition in which a country produces particular goods at a lower opportunity cost in comparison to other countries.hile cost is a factor involved in absolute advantage, opportunity cost is the factor that is involved in comparative advantage. Unlike absolute advantage, comparative advantage is always reciprocal and mutual. It was Adam Smith who first described absolute advantage in the context of International trade.