Abstract
The absolute advantage and comparative advantage are the basic concepts of the international economics. Up till now, the popular understanding about them is that absolute advantage is the special case of the comparative advantage. This view has been dominant in all books related to the field of international economics. However, the comparative advantage by nature is the absolute advantage. Generally, comparative advantage is only particular case of absolute advantage. In other words, comparative advantage has the latent absolute advantage. It is the opposite view of the traditional one on absolute and comparative advantage in the field of international trade theories and it constructs the content of this paper.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
