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comparative advantage |
Also found in: Financial, Wikipedia, Hutchinson | 0.07 sec. |
comparative advantageEconomic 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 efficiently rather than trying for self-sufficiency and argues strongly in favour of free international trade. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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No author does this better than Swift in the final chapter in the book, titled Justice, Luck, and the Family: The Intergenerational Transmission of Economic Advantage From a Normative Perspective. In the past, there was no real economic advantage in making the switch to no-till," Bevers says. But until these facilities are brought under local environmental regulations and the loophole closed, they will enjoy an unfair economic advantage over legitimate disposal and recycling facilities, he says. |
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