Business Studies, asked by Dibi1173, 8 months ago

Write notes on the following : i) Modern theory of trade

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Answered by arpita5478

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Answer:

Heckscher and Ohlin Theory – Modern Theory of International Trade. ... 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.

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