Question

who proposed the theory of absolute profit
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Answer 1

Answer:

(A “party” may be a company, a person, a country, or anything else that creates goods or services.) The concept of absolute advantage was first introduced in 1776 in the context of international trade by Adam Smith, a Scottish philosopher considered the father of modern economics.

Answer 2

(A “party” may be a company, a person, a country, or anything else that creates goods or services.) The concept of absolute advantage was first introduced in 1776 in the context of international trade by Adam Smith, a Scottish philosopher considered the father of modern economics.