Do comparative advantage OF A COUNTRY change over time?

1 answer

Answer

1032803

2026-02-07 19:00

+ Follow

Yes, the comparative advantage of a country can change over time due to various factors such as technological advancements, shifts in resource availability, changes in labor skills, and evolving consumer preferences. Economic policies and global market dynamics also play a significant role in altering a country's competitive edge in certain industries. Additionally, as countries develop and industrialize, they may find new areas where they can specialize and gain an advantage.

ReportLike(0ShareFavorite

Copyright © 2026 eLLeNow.com All Rights Reserved.