Question

modern theory of trade​

Answer 1

Explanation:

Trade Theory. The aim of Trade Theory is to explain the existing patterns of trade, the impact on the domestic economy, and the type of public policies that should be introduced to increase a country's well-being.

Modern Theory of International Trade. ADVERTISEMENTS: ... This theory also states that comparative advantage occurs from differences in factor endowments between the countries. Factor endowment refers to the amount of resources, such as land, labor, and capital available to a country.

A modern, firm-based international trade theory that states that a product life cycle has three distinct stages: (1) new product, (2) maturing product, and (3) standardized product. The obstacles a new firm may face when trying to enter into an industry or new market.

Answer 2

ANSWER :-

Heckscher and Ohlin Theory – Modern Theory of International Trade. ADVERTISEMENTS: ... This theory also states that comparative advantage occurs from differences in factor endowments between the countries. Factor endowment refers to the amount of resources, such as land, labor, and capital available to a country.