Question

who gave absolute theory​

Answer 1

Answer:

Adam Smith

Origin of the theory

The concept of absolute advantage is generally attributed to Adam Smith for his 1776 publication The Wealth of Nations in which he countered mercantilist ideas.

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Explanation:

Answer 2

Question:-

who gave absolute theory

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Absolute theory:-

In economics, the principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce a greater quantity of a good, product, or service than competitors.

Your exact Answer:-

Adam Smith first described the principle of absolute advantage in the context of international trade, using labor as the only input.

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