I learned that comparative advantage helps us to make the best decisions possible and

it enables us to produce something efficiently given our limited resources at a lower opportunity
cost and with higher profit margins. Through specialization, we may more effectively allocate
resources to the area where we excel to prevent wasting resources. If we specialize in our
comparative advantage and then trade, we can obtain greater outcomes such as it will enable
both parties to profit from a trade. Additionally, if the trade price is equal to or less than the
opportunity cost, we can sometimes purchase the goods and services from the market because
doing so is more efficient than producing it.

As a student, I may put these lessons into practice by making the best decisions. I took a
BS in Accountancy during my first and second years of college. I enrolled in that course despite
not wanting to because someone told me to and I listened. I stopped taking the course for two
years after realizing it was doing more harm than good. Instead of enrolling in the course I
wanted, I chose BSA, which represents an opportunity cost in this situation. Now that I decided
to change the degree program that I had originally wanted, I think that taking financial
management major is my comparative advantage because there's a better outcome, where I
can do all the activities, participate well in group projects, and answer the exam with a passing
score that I am not able to do in my previous years in college. Also, it helps and motivates me a
lot to do well to achieve my dreams of working in the corporate world.