Applicability of Ricardian Theory in Real World ↓
Comparative cost theory inspite of all limitations has remained as a basic principle of international trade. Today when the world is moving towards greater liberalisation and globalisation each country specialises in production of goods and services on the basis of comparative cost advantage and enters into international trade.
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Saturday, 5 February 2011
Practical Applicability Ricardian Theory of Comparative Cost
Posted on 16:35 by Unknown
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