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.
Description: The principle of comparative advantage is fundamental to determination of the pattern of trade among nations. David Ricardo was the economist who coined this term. Opportunity cost, stated briefly, is the benefit foregone for undertaking an activity. So, if a country has a lesser value for its resources in the alternative use, it can most efficiently employ resources in this activity. This is what comparative advantage means. Example: Two goods are produced, say wine and wheat, using only one input, i.e. labour. Suppose Nation A requires 10 and 5 units of labour to produce one unit of wine and wheat, respectively, whereas, Nation B requires 10 units of labour each.