Economy, asked by tanbishivam999, 1 month ago

david ricardo's view on foreign trade?​

Answers

Answered by deepikajlmhjkknacin
2

Answer:

Comparative advantage, economic theory, first developed by 19th-century British economist David Ricardo, that attributed the cause and benefits of international trade to the differences in the relative opportunity costs (costs in terms of other goods given up) of producing the same commodities among countries.

Answered by vaishnavil26
3

Answer:

Comparative advantage, economic theory, first developed by 19th-century British economist David Ricardo, that attributed the cause and benefits of international trade to the differences in the relative opportunity costs (costs in terms of other goods given up) of producing the same commodities among countries.

Similar questions