The Principle of Comparative Advantage
1m
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60-Second Adventures in Economics - for iPad/Mac/PC
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David Ricardo's famous economic model, predicts that if there are just two countries and two products both can be better off if they specialise and trade in the thing they’re relatively best at.
The episode The Principle of Comparative Advantage from the podcast 60-Second Adventures in Economics - for iPad/Mac/PC has a duration of
1:22. It was first published
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