Comparative Advantage: Refers to the economic theory that in international trade it is more advantageous for a country to devote its resources not to all lines of production in which it may have superiority (least cost production), but to those in which its relative superiority is greatest. Two countries may find trade mutually profitable even if one of the countries could produce all goods at lower cost than the other.

 

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Comparative Advantage: Refers to the economic theory that in international trade it is more advantageous for a country to devote its resources not to all lines of production in which it may have superiority (least . . . View Full Definition

Net Advantage Of Refunding: The net present value of the savings from a refunding.

Man Advantage: When one team is penalized, and one of its players sent to the penalty box, the second team maintains a man advantage for the duration of the penalty (major penalty) or until a goal is score . . . View Full Definition

Net Advantage To Leasing: The net present value of entering into a lease financing arrangement rather than borrowing the necessary funds and buying the asset.