Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University with ...

Comparative advantage is an economic term that describes doing what you do best, and leveraging that against what you don’t do so well. World economies depend on the outcome. Comparison advantage is ...

David Ricardo, a Scottish economist, made a perceptive observation that a few individuals, firms, or countries can gain from trading, even if one of them is objectively the best in all activities.

A comparative advantage can be something inherent, in the way a person’s height might make them better at basketball. It can also be developed and improved, the way one basketball player can become ...

Goldmoney Head of Research, Alasdair Macleod sheds light on the law of comparative advantage. In this short video, I want to explain why it is a mistake to think that foreign trade might be unfair. We ...

Once again, the Supreme Court torpedoed my plan to write about its tariff decision by not making one, and it now appears that the column will have to wait until February. Meanwhile, tariff payments ...