Ricardian Model
What is
Ricardian Model
Ricardian model of foreign trade is based on the idea that each party (country) in the foreign trade can be better off if it focuses on producing products that is better to (comparative advantage).
Read more
Related terms and methods:
- Competition
- Heckscher - Ohlin model
- International trade
- Opportunity Costs
- Theory of Comparative Advantage
Related personalities:
Related management field:
- Trade
Last update: 27.03.2016
Comments
You cannot contribute to the discussion because it is locked