Explain the concept of comparative advantage

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Explain the concept of ‘comparative advantage’. How would this apply to a company and its production of “things”? Under what conditions could you argue that your company has a comparative advantage over companies in other countries? Use your imagination in defining what your “thing” is. What factors can change a nation’s comparative advantage over time? For example, explain why some industries are ‘re-shoring’, returning from Asia back to the U.S.

Reference no: EM131831824

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