The Invisible Hand
Aug 29, 2012 - 00:01:22
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The Principle of Comparative Advantage
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.
About This Episode
The Principle of Comparative Advantage is an episode from 60-Second Adventures in Economics - for iPod/iPhone. David Ricardo's famous economic model, predicts that if there are just two countries and two products both can be better off if t...
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This episode belongs to 60-Second Adventures in Economics - for iPod/iPhone.
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Published Aug 29, 2012, 00:01:22 long, audio available.
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