Business

Question

The theory of comparative advantage suggests that nations should produce a good if they

1 Answer

  • The Theory of Comparative Advantage suggests that nations should produce goods and services at lower opportunity costs than other economic actors if they want to ensure the continuous growth of their economy. Supply and demand must be balanced in order for a particular country to become competitive in the world economy, this way they can ensure that consumers from other countries would have a vested interest in what they could offer. 
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