How can be comparative advantage improvedcomparative, Ask an Expert

Economics

How can be comparative advantage improved?

Comparative advantage can be gained or improved through:

• Investment during the education and also in training

• Investment within infrastructure,

• Research and Development to enhance competitiveness that is lower unit costs, reliability and better product design.

• Lower inflation rates than all competitors

Comparative advantage into the production of lower valued added textiles has moved away through DCs to LDC economies, here unit labour costs are lower.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9579764

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