Comparative advantage is the reason why consumers get lower prices because it allows for producing g
Comparative advantage is the reason why consumers get lower prices because it allows for producing goods in large quantities, which would otherwise be impossible to produce. As countries specialize and trade, they provide consumers with a wider variety of goods and services at lower prices than they would have otherwise. Advantages of Comparative Advantage Advantages of comparative advantage are extensive and extend from the individual producer level to whole economies:- It increases efficiency. Countries, companies, or individuals can concentrate on goods for which they are most efficient, thus getting the most from their resources. It thus leads to more production overall and a greater wealth base.