Economy, asked by kabilan1574, 1 year ago

Compare and contrast theory of absolute advantage cost by adam smith and theory of comparative advantage by david ricardo's

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Answered by DIVINEREALM
28
Difference between absolute cost advantage and comparative cost advantageBoth terms deal with production, goods and services. Absolute advantage is a condition in which a country can produce particular goods at a lower cost in comparison to another country. ... When compared to comparative advantage,absolute advantage is concerned with multiple goods.
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