David Ricardo: Win-Win Trade & Comparative Advantage
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YouTubeMartin Explains: Business & Money
David Ricardo: Win-Win Trade & Comparative Advantage
Why would a country ever trade with others if it’s already better at everything? In this short we break down David Ricardo’s big idea: comparative advantage – the logic behind win-win trade. Using our fictional countries Techland and Farmland, we show how opportunity cost matters more than raw strength. Even if one country is more ...
632 views3 weeks ago
International Trade Explained
𝐌𝐞𝐫𝐜𝐞𝐝𝐞𝐬 𝐂𝐞𝐥𝐞𝐛𝐫𝐚𝐭𝐞𝐬 𝐓𝐡𝐞 𝐕𝟏𝟐 𝐖𝐢𝐭𝐡 𝐓𝐡𝐢𝐬 𝐌𝐚𝐲𝐛𝐚𝐜𝐡 𝐒𝟔𝟖𝟎 𝐕𝟏𝟐 𝐄𝐝𝐢𝐭𝐢𝐨𝐧 - 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐭𝐨 𝟓𝟎 𝐔𝐧𝐢𝐭𝐬 𝐖𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞
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𝐌𝐞𝐫𝐜𝐞𝐝𝐞𝐬 𝐂𝐞𝐥𝐞𝐛𝐫𝐚𝐭𝐞𝐬 𝐓𝐡𝐞 𝐕𝟏𝟐 𝐖𝐢𝐭𝐡 𝐓𝐡𝐢𝐬 𝐌𝐚𝐲𝐛𝐚𝐜𝐡 𝐒𝟔𝟖𝟎 𝐕𝟏𝟐 𝐄𝐝𝐢𝐭𝐢𝐨𝐧 - 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐭𝐨 𝟓𝟎 𝐔𝐧𝐢𝐭𝐬 𝐖𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞
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