Question

“Heckscher-Ohlin Theory begins where Comparative advantage theory ends.”
Discuss.

Answer 1

Answer:

Heckscher-Ohlin Theorem of International Trade! As a matter of fact, Ohlin's theory beginswhere the Ricardian theory of international tradeends. The Ricardian theory states that the basis of international trade is the comparative costs difference. ... Ohlin's theory explains the real cause of this difference.

Answer 2

Heckscher-Ohlin Theory begins where Comparative advantage theory ends

Explanation:

• The Heckscher and Ohlin theory is a theory of competitive advantages that is an economic theory of international trade that is based on the model of a comparative advantage given by David Ricardo.

• That country tends to export only those products in which they have a competitive advantage over that of other countries. They predict the pattern of commerce and production based on the factors of endowments of a trading region.

• They state that the economy exports that product that has in abundance such as a cheap factor of production and imported products that use the scarce resources.

Learn more about the Heckscher-Ohlin Theory begins where Comparative advantage theory ends.

• brainly.in/question/15364146 answered by Brainly User.