China is relatively labor-abundant compared with european union member nations. Therefore, china has a comparative advantage in _____ compared with european union member nations.

Question

janelle2026 janelle2026

01-02-2022
SAT

contestada

China is relatively labor-abundant compared with european union member nations. Therefore, china has a comparative advantage in _____ compared with european union member nations.

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Tundexi Tundexi · Answer 1 · 2022-02-10T11:47:53+01:00

The Chinese have a comparative advantage in labor compared with European nations because they are labor-abundant compared with European nations.

What is comparative advantage?

A comparative advantage refers to an advantage possessed by a firm or country who spend lesser than other countries on a production.

Hence, the Chinese have a comparative advantage in labor compared with European nations because they are labor-abundant compared with European nations.

Read more about comparative advantage

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