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Comparative advantage and absolute advantage | Microeconomics | Khan Academy

581,753 views

Khan Academy

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

100%
  • 10:15 / 10:15

Speech Rate:

  • 165 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

actually

/ˈak(t)SH(o͞o)əlē/

adverb

Used to add new (often different) information.

confuse

/kənˈfyo͞oz/

verb

make someone bewildered or perplexed.

producing
verb

To manufacture something using machines.

product

/ˈprädəkt/

noun

End result of a process.

charlie

/ˈCHärlē/

noun

A code word representing the letter C, used in radio communication..

relative

/ˈrelədiv/

adjective noun

considered in relation or in proportion to something else. Humans or animals sharing the same family history.

advantage

/ədˈvan(t)ij/

noun verb

Thing making the chance of success higher. put in favourable position.

understand

/ˌəndərˈstand/

verb

perceive intended meaning of.

specialize

/ˈspeSHəˌlīz/

verb

concentrate on and become expert in particular subject or skill.

absolute

/ˈabsəˌlo͞ot/

adjective noun

total. Something that is complete, total, pure, certain.

specialized

/ˈspeSHəˌlīzd/

adjective verb

requiring or involving detailed and specific knowledge or training. To focus on one area of a field or profession.

difference

/ˈdif(ə)rəns/

noun verb

A thing or issue that people do not agree about. alter coat of arms.

opportunity

/ˌäpərˈt(y)o͞onədē/

noun

time or set of circumstances that makes it possible to do something.

comparative

/kəmˈperədiv/

adjective noun

Expressing a difference in degree. Word form expressing a difference in degree.

workers

/ˈwərkər/

noun other

person who does specified type of work. People who works.

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