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Uploaded by leearnold on May 8, 2007
"You apply EFFORT, to get a RETURN." -- Basics of work, specialization, efficiency, surplus, organization.
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Thanks. Yes, you are right --
Ricardo's comparative advantage is a specific case of a much more general pattern, at all levels of nature and society.
leearnold 3 years ago
later on this becomes some kind of an explanation of the foreign trade theory by adam smith respective thomas ricardo.
but this explanaition is way better than the boring ones you find in books! brilliant!
Pa2nzer4elli 3 years ago
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Thanks. Yes, you are right --
Ricardo's comparative advantage is a specific case of a much more general pattern, at all levels of nature and society.
leearnold 3 years ago