<p>There is no such thing as an &quot;acquired advantage theory&quot; in international trade. Adam Smith used the term &quot;acquired advantage&quot; (e.g. through acquired skills in production) to distinguish it from a &quot;natural advantage&quot; (e.g. through abundant resources) one country has over another country. Both are parts of what would now be called an absolute advantage.</p>

CC BY-SA 4.0
2023-01-12T09:49:47.453Z
2023-01-12T09:49:47.453Z
VARulle
<p>Is it the comparative advantage or absolute advantage or something all together different?</p>

<international-trade>
What is the acquired advantage theory in international trade?
Alex cooper
# What is the acquired advantage theory in international trade?

(Asked by: username_0 on 2023-01-10)

Is it the comparative advantage or absolute advantage or something all together different?

**Tags:** international-trade

---

## 1 answers

### Answer by username_1 on 2023-01-12. Score: 2

There is no such thing as an "acquired advantage theory" in international trade. Adam Smith used the term "acquired advantage" (e.g. through acquired skills in production) to distinguish it from a "natural advantage" (e.g. through abundant resources) one country has over another country. Both are parts of what would now be called an absolute advantage.


---

