Question

Bangladesh has a comparative advantage in textile production due to its low labor cost. The idea of comparative advantag:_______

Answer 1

Answer:

Explanation:

Bangladesh has a comparative advantage in textile production due to its low labor cost. The idea of comparative advantage was proposed by

David Ricardo in 1817 postulated the law of comparative advantage. He believes that a country should concentrate in the production of goods it has a higher comparative advantage of producing and export it and import goods it has lower comparative advantage of producing. This is the basis of trade between nations.