The principle of comparative advantage explains why specialization and trade lead to a more efficient allocation of resources and higher global welfare. There are several key reasons why comparative advantage is important:-The principle of comparative advantage explains why specialization and trade lead to a more efficient allocation of resources and higher global welfare. There are several key reasons why comparative advantage is important:-The principle of comparative advantage explains why specialization and trade lead to a more efficient allocation of resources and higher global welfare. There are several key reasons why comparative advantage is important:-

---