Issues

7. How does comparative advantage benefit developing nations?

By improve economic output and opportunities for developing nations.

Explanation:

Comparative advantage is the concept that defines the ability of a country to produce goods efficiently and also inexpensively. Also, it requires factors such as cost of labor, capital, geographic location, coat of capital and productivity by the workforce.

Globalization is based on the Comparative advantage concept. This concept influences the economic state of the country and brings the world together through trades across international countries. It benefits the developing countries by providing job opportunities and capital investment to them from the developed nations.