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EPISODE · Aug 29, 2012 · 1 MIN

The Principle of Comparative Advantage

from 60-Second Adventures in Economics - for iPad/Mac/PC · host The Open University

David Ricardo's famous economic model, predicts that if there are just two countries and two products both can be better off if they specialise and trade in the thing they’re relatively best at.

What this episode covers

David Ricardo's famous economic model, predicts that if there are just two countries and two products both can be better off if they specialise and trade in the thing they’re relatively best at.

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The Principle of Comparative Advantage

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Frequently Asked Questions

How long is this episode of 60-Second Adventures in Economics - for iPad/Mac/PC?

This episode is 1 minute long.

When was this 60-Second Adventures in Economics - for iPad/Mac/PC episode published?

This episode was published on August 29, 2012.

What is this episode about?

David Ricardo's famous economic model, predicts that if there are just two countries and two products both can be better off if they specialise and trade in the thing they’re relatively best at.

Can I download this 60-Second Adventures in Economics - for iPad/Mac/PC episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
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