Business Studies, asked by yadavpratik7986, 1 year ago

Explain the Ricardian theory of Comparative Cost.

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Answered by Vaibhavverma73
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Hey mate!

I am here with your answer!

David Ricardo's Theory of Comparative Cost Advantage. A country will specialise in that line of production in which it has a greater relative or comparative advantage in costs than other countries and will depend upon imports from abroad of all such commodities in which it has relative cost disadvantage.

Answered by pinkichodhry1909
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Answer:

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