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theory of comparative advantage

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  • 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

  • Comparative advantage — Economics …   Wikipedia

  • comparative advantage — Economic theory first advanced by Robert Torrens and David Ricardo that analyzes international trade in terms of differences in relative opportunity costs. The theory suggests that countries should specialize in the goods they can produce most… …   Universalium

  • Comparative genomics — is the study of the relationship of genome structure and function across different biological species or strains. Comparative genomics is an attempt to take advantage of the information provided by the signatures of selection to understand the… …   Wikipedia

  • 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

  • Competitive advantage — is defined as the strategic advantage one business entity has over its rival entities within its competitive industry. Achieving competitive advantage strengthens and positions a business better within the business environment. Contents 1… …   Wikipedia

  • 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

  • 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

  • Classical theory of growth and stagnation — Classical economics refers to work done by a group of economists in the eighteenth and nineteenth centuries. The theories developed mainly focused on the way market economies functioned. Classical Economics study mainly concentrates on the… …   Wikipedia

  • New Trade Theory — Economics …   Wikipedia

  • World-systems theory — The world systems theory (also known as the world systems analysis[1]) is a multidisciplinary, macro scale approach to world history and social change.[1][2] The world systems theory stresses that world systems (and not nation states) should be… …   Wikipedia

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