The concept of comparative advantage makes the assumption that everyone will be better off

2 answers:

6 0

<span>The concept of comparative advantage makes the assumption that everyone will be better off producing enough of a good to consume domestically with enough to export. The main idea of comparative advantage is that it is quite profitable to produce goods and services at a lower opportunity cost, and it is not necessary to produce it in a great volume. This concept is totally opposite to the absolute advantage theory.<span>
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maw [93]4 years ago

6 0

The concept of comparative advantage makes the assumption that everyone will be better off producing the products they produce relatively best.

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