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absolute advantage theory

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  • Absolute advantage — The principle of comparative advantage , generally attributed to David Ricardo in his 1817 Principles of Political Economy and Taxation extends the range of possible mutually beneficial exchanges. It is not necessary to have an absolute advantage …   Wikipedia

  • comparative advantage — Theory suggesting that specialization by countries can increase worldwide production. Bloomberg Financial Dictionary * * * comparative advantage comparative advantage ➔ advantage * * * comparative advantage UK US noun ECONOMICS ► [C] an advantage …   Financial and business terms

  • Theory of Colours — Infobox Book name = Theory of Colours title orig = Zur Farbenlehre translator = Charles Eastlake [http://findarticles.com/p/articles/mi m0422/is 2 82/ai 64573524/pg 6] image caption = Light spectrum, from Theory of Colours – Goethe observed that… …   Wikipedia

  • Absolute gain (international relations) — As a part of liberal international relations theory, absolute gain is a term used to describe how (primarily) states will act in the international community. The theory says that international actors will look at the total effect of a decision on …   Wikipedia

  • Comparative advantage — Economics …   Wikipedia

  • Development theory — is a conglomeration of theories about how desirable change in society is best to be achieved. Such theories draw on a variety of social scientific disciplines and approaches. Contents 1 Historical development theories 1.1 Modernization theory 1.2 …   Wikipedia

  • Locke’s political theory — Ian Harris The author of Two Treatises of Government also wrote An Essay concerning Human Understanding. This is an elementary fact, but one with an important implication for understanding Locke’s political theory. For Two Treatises is an… …   History of philosophy

  • probability theory — Math., Statistics. the theory of analyzing and making statements concerning the probability of the occurrence of uncertain events. Cf. probability (def. 4). [1830 40] * * * Branch of mathematics that deals with analysis of random events.… …   Universalium

  • Generalizability theory — (G Theory) is a statistical framework for conceptualizing, investigating, and designing reliable observations. It was originally introduced by Lee Cronbach and his colleagues. The G Theory compares with the Classical test theory (CTT) where the… …   Wikipedia

  • Redshift (theory) — Redshift is a techno economic theory suggesting hypersegmentation of Information Technology (IT) markets based on whether individual computing needs are over or under served by Moore s Law, which predicts the doubling of computing transistors… …   Wikipedia

  • Control theory — For control theory in psychology and sociology, see control theory (sociology) and Perceptual Control Theory. The concept of the feedback loop to control the dynamic behavior of the system: this is negative feedback, because the sensed value is… …   Wikipedia

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