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comparative advantage

  • Learn about the ideas of Adam Smith in just 50 minutes with this practical and concise book. Smith is widely considered to be the leading thinker of classical economics and is therefore regarded as the father of modern economics. His work has had a lasting impact on many economists who came after him and covers a wide range of topics, including...
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  • Understand the essentials of the product lifecycle in just 50 minutes with this practical and concise book. The product lifecycle is a model used by the marketing and commerce sectors to optimize and develop products. It is a simple model which can be applied to a wide variety of situations in order to analyze the market and better understand the product-market relationship. In this way,...
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  • Understand the essentials of the theory of comparative advantage (also known as the law of comparative advantage or the law of relative advantage) in just 50 minutes with this practical and concise book. This theory, which was developed by the renowned economist David Ricardo, illustrates that specialization and trade benefit both parties in the exchange and generate wealth. It maintains that comparative...
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