The Principle of Comparative Advantage

60-Second Adventures in Economics - for iPad/Mac/PC

English - August 29, 2012 07:55 - 1 minute - 17.5 MB Video - ★★★★★ - 12 ratings
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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.