Comparative Costs

Hi!
A new article is posted on SayEconomy.com. The title of it is 'Comparative
Costs'

A feature of the comparative advantage principle developed by English
economists Robert Torrens (1780-1864) and David Ricardo (1772-1823).[ad#ad-4]

Comparative costs postulate that trade is beneficial between countries even if
one country is more efficient in every sector because of the difference in
internal production costs.

David Ricardo used the example of English and Portuguese products.

Written by: Monica [...]

You can read the article by clicking here:
http://www.sayeconomy.com/comparative-costs/

You received this e-mail because you asked to be notified when new updates are
posted.
Best regards,
SayEconomy.com