Economy, asked by ambicajiwani, 6 months ago

Heckscher-ohlin theory of international trade in detail​

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Answered by Anonymous
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Heckscher-Ohlin theory, in economics, a theory of comparative advantage in international trade according to which countries in which capital is relatively plentiful and labour relatively scarce will tend to export capital-intensive products and import labour-intensive products. The Heckscher-Ohlin model is an economic theory that proposes that countries export what they can most efficiently and plentifully produce. ... It takes the position that countries should ideally export materials and resources of which they have an excess, while proportionately importing those resources they need.

Answered by Anonymous
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