Comparative Advantage Theory
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:appliesTo |
Countries
Firms |
| gptkbp:assumes |
Constant returns to scale
Perfect competition Full employment No transportation costs |
| gptkbp:basisFor |
Free trade arguments
|
| gptkbp:contrastsWith |
Absolute Advantage Theory
|
| gptkbp:criticizedFor |
Protectionist economists
|
| gptkbp:describes |
International trade
|
| gptkbp:explains |
How countries benefit from specializing in goods with lower opportunity cost
|
| gptkbp:formedBy |
gptkb:David_Ricardo
1817 |
| https://www.w3.org/2000/01/rdf-schema#label |
Comparative Advantage Theory
|
| gptkbp:influenced |
Modern international economics
|
| gptkbp:publishedIn |
gptkb:On_the_Principles_of_Political_Economy_and_Taxation
|
| gptkbp:relatedTo |
Specialization
Opportunity cost Gains from trade |
| gptkbp:usedIn |
Trade policy analysis
|
| gptkbp:bfsParent |
gptkb:Diamond_Model
|
| gptkbp:bfsLayer |
6
|