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Comparative Advantage - Unlocking Prosperity Mastering the Art of Comparative Advantage - cover

Comparative Advantage - Unlocking Prosperity Mastering the Art of Comparative Advantage

Fouad Sabry

Publisher: One Billion Knowledgeable

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Summary

What is Comparative Advantage
 
Comparative advantage in an economic model is the advantage over others in producing a particular good. A good can be produced at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. Comparative advantage describes the economic reality of the work gains from trade for individuals, firms, or nations, which arise from differences in their factor endowments or technological progress.
 
How you will benefit
 
(I) Insights, and validations about the following topics:
 
Chapter 1: Comparative advantage
 
Chapter 2: David Ricardo
 
Chapter 3: Labor theory of value
 
Chapter 4: Internationalization
 
Chapter 5: Classical economics
 
Chapter 6: Stolper-Samuelson theorem
 
Chapter 7: Balassa-Samuelson effect
 
Chapter 8: On the Principles of Political Economy and Taxation
 
Chapter 9: Absolute advantage
 
Chapter 10: Heckscher-Ohlin model
 
Chapter 11: New trade theory
 
Chapter 12: Economic integration
 
Chapter 13: Leontief paradox
 
Chapter 14: Intra-industry trade
 
Chapter 15: Gravity model of trade
 
Chapter 16: Revealed comparative advantage
 
Chapter 17: Ricardian economics
 
Chapter 18: Luigi Pasinetti
 
Chapter 19: Robinson Crusoe economy
 
Chapter 20: International trade theory
 
Chapter 21: Ricardo-Viner model
 
(II) Answering the public top questions about comparative advantage.
 
(III) Real world examples for the usage of comparative advantage in many fields.
 
Who this book is for
 
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Comparative Advantage.
Available since: 03/25/2024.
Print length: 253 pages.

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