SlideShare ist ein Scribd-Unternehmen logo

Absolute Advantage Theory

‱Als PPT, PDF herunterladen‱
‱
Z
zeddem
TechnologieWirtschaft & Finanzen
1 von 15
The Theory of Comparative Advantage - Given by David Ricardo
Background of the Theory ,[object Object],[object Object],[object Object]
Ricardo’s Idea of Comparative Advantage ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],Ricardo’s Idea of Comparative Advantage
Assumptions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Assumptions ,[object Object],[object Object],[object Object]
Ricardo’s numerical example ,[object Object],[object Object],[object Object]
Table-1 15 10 Portugal 30 15 England Cost Per Unit In Man Hours Cost Per Unit In Man Hours Wine Wheat Country
Ricardo’s numerical example ,[object Object]
Ricardo’s numerical example ,[object Object]
Table-2 T o t a l P o r t u g a l E n g l a n d C o u n t r y Production Wine Wheat Wine Wheat After Trade Before Trade 12 18 11 17 12 0 6 9 0 18 5 8
Ricardo’s numerical example ,[object Object]
Interpreting the Theory of Comparative Advantage ,[object Object],[object Object]
Interpreting the Theory of Comparative Advantage ,[object Object],[object Object],[object Object]
Interpreting the Theory of Comparative Advantage ,[object Object]

Empfohlen

David Ricardo comparative advantage theory
David Ricardo comparative advantage theoryDavid Ricardo comparative advantage theory
David Ricardo comparative advantage theorySARU
 
Absolute advantage
Absolute advantageAbsolute advantage
Absolute advantageAbhilash Kallayil
 
Adam Smith theory of international trade
Adam Smith theory of international tradeAdam Smith theory of international trade
Adam Smith theory of international tradezeddem
 
Theory of absolute and comparative advantage
Theory of absolute and comparative advantageTheory of absolute and comparative advantage
Theory of absolute and comparative advantageOlabode Desire
 
Cost Comparative Theory
Cost Comparative TheoryCost Comparative Theory
Cost Comparative TheoryMadhura Thite
 
Comparative vs absolute advantage
Comparative vs absolute advantageComparative vs absolute advantage
Comparative vs absolute advantageDevraj Chamlagai
 
Factor endowments and the heckscher ohlin theory (chapter 5)
Factor endowments and the heckscher ohlin theory (chapter 5)Factor endowments and the heckscher ohlin theory (chapter 5)
Factor endowments and the heckscher ohlin theory (chapter 5)Rasel Ahamed
 
Heckscher ohlin
Heckscher ohlinHeckscher ohlin
Heckscher ohlinridhika_gulati
 

Empfohlen

David Ricardo comparative advantage theory
David Ricardo comparative advantage theoryDavid Ricardo comparative advantage theory
David Ricardo comparative advantage theorySARU
 
Absolute advantage
Absolute advantageAbsolute advantage
Absolute advantageAbhilash Kallayil
 
Adam Smith theory of international trade
Adam Smith theory of international tradeAdam Smith theory of international trade
Adam Smith theory of international tradezeddem
 
Theory of absolute and comparative advantage
Theory of absolute and comparative advantageTheory of absolute and comparative advantage
Theory of absolute and comparative advantageOlabode Desire
 
Cost Comparative Theory
Cost Comparative TheoryCost Comparative Theory
Cost Comparative TheoryMadhura Thite
 
Comparative vs absolute advantage
Comparative vs absolute advantageComparative vs absolute advantage
Comparative vs absolute advantageDevraj Chamlagai
 
Factor endowments and the heckscher ohlin theory (chapter 5)
Factor endowments and the heckscher ohlin theory (chapter 5)Factor endowments and the heckscher ohlin theory (chapter 5)
Factor endowments and the heckscher ohlin theory (chapter 5)Rasel Ahamed
 
Heckscher ohlin
Heckscher ohlinHeckscher ohlin
Heckscher ohlinridhika_gulati
 
Comparative advantage
Comparative advantageComparative advantage
Comparative advantageYana Qlah
 
Theory of Comparative Advantage
Theory of Comparative AdvantageTheory of Comparative Advantage
Theory of Comparative AdvantageAurus Network
 
Hecksher-Ohlin model
Hecksher-Ohlin modelHecksher-Ohlin model
Hecksher-Ohlin modelJulio Huato
 
International Economics: Introduction
International Economics: IntroductionInternational Economics: Introduction
International Economics: IntroductionWe Learn - A Continuous Learning Forum from Welingkar's Distance Learning Program.
 
Economic Growth And International Trade
Economic Growth And International TradeEconomic Growth And International Trade
Economic Growth And International TradeHitesh Kukreja
 
Hecksher Ohlin Theory
Hecksher Ohlin TheoryHecksher Ohlin Theory
Hecksher Ohlin TheoryMichael Alonzo
 
Absolute advantage theory
Absolute advantage theoryAbsolute advantage theory
Absolute advantage theoryDrJagdish Maheshwari
 
Theories Of International Trade
Theories Of International TradeTheories Of International Trade
Theories Of International Trademayank2012
 
Tariffs and quota
Tariffs and quotaTariffs and quota
Tariffs and quotaTintoTom2
 
Absolute and comparative advantage
Absolute and comparative advantageAbsolute and comparative advantage
Absolute and comparative advantageGene Hayward
 
chapter 3 Tariff
chapter 3 Tariff chapter 3 Tariff
chapter 3 TariffKawaljit kaur Deshmukh
 
2. Theories of International Trade, Tariff and Non-tariff barriers and Trade ...
2. Theories of International Trade, Tariff and Non-tariff barriers and Trade ...2. Theories of International Trade, Tariff and Non-tariff barriers and Trade ...
2. Theories of International Trade, Tariff and Non-tariff barriers and Trade ...Charu Rastogi
 
International trade theory
International trade theoryInternational trade theory
International trade theoryJubayer Alam Shoikat
 
Unit -2 : lecture-2 (absolute advantage theory)
Unit -2 : lecture-2 (absolute advantage theory)Unit -2 : lecture-2 (absolute advantage theory)
Unit -2 : lecture-2 (absolute advantage theory)Dr.B.B. Tiwari
 
Ie 03 (1)
Ie 03 (1)Ie 03 (1)
Ie 03 (1)ajithsrc
 
Classical Theory Of International Trade
Classical Theory Of International TradeClassical Theory Of International Trade
Classical Theory Of International TradeKRN_KPR2010
 
International Trade Theory : Absolute Advantage Theory
International Trade Theory : Absolute Advantage Theory International Trade Theory : Absolute Advantage Theory
International Trade Theory : Absolute Advantage Theory Machiraju Presentations Pvt. Ltd.
 
The Heckscher-Ohlin theory of international trade/ Modern International Trade...
The Heckscher-Ohlin theory of international trade/ Modern International Trade...The Heckscher-Ohlin theory of international trade/ Modern International Trade...
The Heckscher-Ohlin theory of international trade/ Modern International Trade...clincy cleetus
 
International Economics
International EconomicsInternational Economics
International EconomicsJisjissyChandran
 
Tariff restriction ppt
Tariff restriction pptTariff restriction ppt
Tariff restriction pptSami Swati
 
Absolute advantage theory
Absolute advantage theoryAbsolute advantage theory
Absolute advantage theoryVignesh bfsc
 
International business
International businessInternational business
International businessSumit Kumar Yadav
 

Weitere Àhnliche Inhalte

Was ist angesagt?

Comparative advantage
Comparative advantageComparative advantage
Comparative advantageYana Qlah
 
Theory of Comparative Advantage
Theory of Comparative AdvantageTheory of Comparative Advantage
Theory of Comparative AdvantageAurus Network
 
Hecksher-Ohlin model
Hecksher-Ohlin modelHecksher-Ohlin model
Hecksher-Ohlin modelJulio Huato
 
Economic Growth And International Trade
Economic Growth And International TradeEconomic Growth And International Trade
Economic Growth And International TradeHitesh Kukreja
 
Hecksher Ohlin Theory
Hecksher Ohlin TheoryHecksher Ohlin Theory
Hecksher Ohlin TheoryMichael Alonzo
 
Theories Of International Trade
Theories Of International TradeTheories Of International Trade
Theories Of International Trademayank2012
 
Tariffs and quota
Tariffs and quotaTariffs and quota
Tariffs and quotaTintoTom2
 
Absolute and comparative advantage
Absolute and comparative advantageAbsolute and comparative advantage
Absolute and comparative advantageGene Hayward
 
2. Theories of International Trade, Tariff and Non-tariff barriers and Trade ...
2. Theories of International Trade, Tariff and Non-tariff barriers and Trade ...2. Theories of International Trade, Tariff and Non-tariff barriers and Trade ...
2. Theories of International Trade, Tariff and Non-tariff barriers and Trade ...Charu Rastogi
 
Unit -2 : lecture-2 (absolute advantage theory)
Unit -2 : lecture-2 (absolute advantage theory)Unit -2 : lecture-2 (absolute advantage theory)
Unit -2 : lecture-2 (absolute advantage theory)Dr.B.B. Tiwari
 
Ie 03 (1)
Ie 03 (1)Ie 03 (1)
Ie 03 (1)ajithsrc
 
Classical Theory Of International Trade
Classical Theory Of International TradeClassical Theory Of International Trade
Classical Theory Of International TradeKRN_KPR2010
 
International Trade Theory : Absolute Advantage Theory
International Trade Theory : Absolute Advantage Theory International Trade Theory : Absolute Advantage Theory
International Trade Theory : Absolute Advantage Theory Machiraju Presentations Pvt. Ltd.
 
The Heckscher-Ohlin theory of international trade/ Modern International Trade...
The Heckscher-Ohlin theory of international trade/ Modern International Trade...The Heckscher-Ohlin theory of international trade/ Modern International Trade...
The Heckscher-Ohlin theory of international trade/ Modern International Trade...clincy cleetus
 
International Economics
International EconomicsInternational Economics
International EconomicsJisjissyChandran
 
Tariff restriction ppt
Tariff restriction pptTariff restriction ppt
Tariff restriction pptSami Swati
 

Was ist angesagt? (20)

Comparative advantage
Comparative advantageComparative advantage
Comparative advantage
 
Theory of Comparative Advantage
Theory of Comparative AdvantageTheory of Comparative Advantage
Theory of Comparative Advantage
 
Hecksher-Ohlin model
Hecksher-Ohlin modelHecksher-Ohlin model
Hecksher-Ohlin model
 
International Economics: Introduction
International Economics: IntroductionInternational Economics: Introduction
International Economics: Introduction
 
Economic Growth And International Trade
Economic Growth And International TradeEconomic Growth And International Trade
Economic Growth And International Trade
 
Hecksher Ohlin Theory
Hecksher Ohlin TheoryHecksher Ohlin Theory
Hecksher Ohlin Theory
 
Absolute advantage theory
Absolute advantage theoryAbsolute advantage theory
Absolute advantage theory
 
Theories Of International Trade
Theories Of International TradeTheories Of International Trade
Theories Of International Trade
 
Tariffs and quota
Tariffs and quotaTariffs and quota
Tariffs and quota
 
Absolute and comparative advantage
Absolute and comparative advantageAbsolute and comparative advantage
Absolute and comparative advantage
 
chapter 3 Tariff
chapter 3 Tariff chapter 3 Tariff
chapter 3 Tariff
 
2. Theories of International Trade, Tariff and Non-tariff barriers and Trade ...
2. Theories of International Trade, Tariff and Non-tariff barriers and Trade ...2. Theories of International Trade, Tariff and Non-tariff barriers and Trade ...
2. Theories of International Trade, Tariff and Non-tariff barriers and Trade ...
 
International trade theory
International trade theoryInternational trade theory
International trade theory
 
Unit -2 : lecture-2 (absolute advantage theory)
Unit -2 : lecture-2 (absolute advantage theory)Unit -2 : lecture-2 (absolute advantage theory)
Unit -2 : lecture-2 (absolute advantage theory)
 
Ie 03 (1)
Ie 03 (1)Ie 03 (1)
Ie 03 (1)
 
Classical Theory Of International Trade
Classical Theory Of International TradeClassical Theory Of International Trade
Classical Theory Of International Trade
 
International Trade Theory : Absolute Advantage Theory
International Trade Theory : Absolute Advantage Theory International Trade Theory : Absolute Advantage Theory
International Trade Theory : Absolute Advantage Theory
 
The Heckscher-Ohlin theory of international trade/ Modern International Trade...
The Heckscher-Ohlin theory of international trade/ Modern International Trade...The Heckscher-Ohlin theory of international trade/ Modern International Trade...
The Heckscher-Ohlin theory of international trade/ Modern International Trade...
 
International Economics
International EconomicsInternational Economics
International Economics
 
Tariff restriction ppt
Tariff restriction pptTariff restriction ppt
Tariff restriction ppt
 

Ähnlich wie Absolute Advantage Theory

Absolute advantage theory
Absolute advantage theoryAbsolute advantage theory
Absolute advantage theoryVignesh bfsc
 
International business
International businessInternational business
International businessSumit Kumar Yadav
 
international trade and balance of payments for 2nd semester economics for BBA
international trade and balance of payments for 2nd semester economics for BBAinternational trade and balance of payments for 2nd semester economics for BBA
international trade and balance of payments for 2nd semester economics for BBAginish9841502661
 
Unit 2 foreign trade topic 2 3 4 5
Unit 2 foreign trade topic 2 3 4 5Unit 2 foreign trade topic 2 3 4 5
Unit 2 foreign trade topic 2 3 4 5Mansi Tyagi
 
International trade
International tradeInternational trade
International tradeAbhinaya Das
 
Chapter 3 (1).pdf
Chapter 3 (1).pdfChapter 3 (1).pdf
Chapter 3 (1).pdfMaiSng14
 
05 absolute and-comparative-advantage-1
05 absolute and-comparative-advantage-105 absolute and-comparative-advantage-1
05 absolute and-comparative-advantage-1Greenwich Council
 
Basics of International Trade.ppt
Basics of International Trade.pptBasics of International Trade.ppt
Basics of International Trade.pptAbhishekhKashyap
 
International economic ch02
International economic ch02International economic ch02
International economic ch02Judianto Nugroho
 
International trade theories
International trade theoriesInternational trade theories
International trade theoriesvipin25
 
Theories of international trade
Theories of international tradeTheories of international trade
Theories of international tradenisaa89
 
Trade Models & Asian Economic Growth
Trade Models & Asian Economic GrowthTrade Models & Asian Economic Growth
Trade Models & Asian Economic GrowthChirantan Chatterjee
 
RICARDO-1 (1).ppt
RICARDO-1 (1).pptRICARDO-1 (1).ppt
RICARDO-1 (1).pptTural Gojayev
 
RICARDO-1.ppt it tells information theory
RICARDO-1.ppt it tells information theoryRICARDO-1.ppt it tells information theory
RICARDO-1.ppt it tells information theoryHoneyiaSipra
 
Advantage and disadvantage of free trade and theorys of International trade law
Advantage and disadvantage of free trade and theorys of International trade lawAdvantage and disadvantage of free trade and theorys of International trade law
Advantage and disadvantage of free trade and theorys of International trade lawMd.saiful Islam
 
Daniels06 im
Daniels06 imDaniels06 im
Daniels06 imKeerthi Ram
 

Ähnlich wie Absolute Advantage Theory (20)

Absolute advantage theory
Absolute advantage theoryAbsolute advantage theory
Absolute advantage theory
 
International business
International businessInternational business
International business
 
international trade and balance of payments for 2nd semester economics for BBA
international trade and balance of payments for 2nd semester economics for BBAinternational trade and balance of payments for 2nd semester economics for BBA
international trade and balance of payments for 2nd semester economics for BBA
 
Unit 2 foreign trade topic 2 3 4 5
Unit 2 foreign trade topic 2 3 4 5Unit 2 foreign trade topic 2 3 4 5
Unit 2 foreign trade topic 2 3 4 5
 
International trade
International tradeInternational trade
International trade
 
Chapter 3 (1).pdf
Chapter 3 (1).pdfChapter 3 (1).pdf
Chapter 3 (1).pdf
 
Ifm 2010 (sec-b)
Ifm 2010 (sec-b)Ifm 2010 (sec-b)
Ifm 2010 (sec-b)
 
05 absolute and-comparative-advantage-1
05 absolute and-comparative-advantage-105 absolute and-comparative-advantage-1
05 absolute and-comparative-advantage-1
 
Basics of International Trade.ppt
Basics of International Trade.pptBasics of International Trade.ppt
Basics of International Trade.ppt
 
International economic ch02
International economic ch02International economic ch02
International economic ch02
 
International trade theories
International trade theoriesInternational trade theories
International trade theories
 
Theories of international trade
Theories of international tradeTheories of international trade
Theories of international trade
 
Trade Models & Asian Economic Growth
Trade Models & Asian Economic GrowthTrade Models & Asian Economic Growth
Trade Models & Asian Economic Growth
 
RICARDO-1 (1).ppt
RICARDO-1 (1).pptRICARDO-1 (1).ppt
RICARDO-1 (1).ppt
 
RICARDO-1.ppt it tells information theory
RICARDO-1.ppt it tells information theoryRICARDO-1.ppt it tells information theory
RICARDO-1.ppt it tells information theory
 
Advantage and disadvantage of free trade and theorys of International trade law
Advantage and disadvantage of free trade and theorys of International trade lawAdvantage and disadvantage of free trade and theorys of International trade law
Advantage and disadvantage of free trade and theorys of International trade law
 
3
33
3
 
3
33
3
 
Daniels06 im
Daniels06 imDaniels06 im
Daniels06 im
 
Chap005
Chap005Chap005
Chap005
 

KĂŒrzlich hochgeladen

IAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsIAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsEnterprise Knowledge
 
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationFrom Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationSafe Software
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesSinan KOZAK
 
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking MenDelhi Call girls
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationRadu Cotescu
 
Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Paola De la Torre
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...apidays
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsMaria Levchenko
 
Exploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone ProcessorsExploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone Processorsdebabhi2
 
🐬 The future of MySQL is Postgres 🐘
🐬 The future of MySQL is Postgres 🐘🐬 The future of MySQL is Postgres 🐘
🐬 The future of MySQL is Postgres 🐘RTylerCroy
 
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Igalia
 
[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdfhans926745
 
WhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure service
WhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure serviceWhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure service
WhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure servicePooja Nehwal
 
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...Neo4j
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024Rafal Los
 
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdfThe Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdfEnterprise Knowledge
 
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking MenDelhi Call girls
 
The Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptxThe Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptxMalak Abu Hammad
 
How to convert PDF to text with Nanonets
How to convert PDF to text with NanonetsHow to convert PDF to text with Nanonets
How to convert PDF to text with Nanonetsnaman860154
 
CNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of ServiceCNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of Servicegiselly40
 

KĂŒrzlich hochgeladen (20)

IAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsIAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI Solutions
 
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time AutomationFrom Event to Action: Accelerate Your Decision Making with Real-Time Automation
From Event to Action: Accelerate Your Decision Making with Real-Time Automation
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen Frames
 
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
 
Scaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organizationScaling API-first – The story of a global engineering organization
Scaling API-first – The story of a global engineering organization
 
Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed texts
 
Exploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone ProcessorsExploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone Processors
 
🐬 The future of MySQL is Postgres 🐘
🐬 The future of MySQL is Postgres 🐘🐬 The future of MySQL is Postgres 🐘
🐬 The future of MySQL is Postgres 🐘
 
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
 
[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf
 
WhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure service
WhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure serviceWhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure service
WhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure service
 
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024
 
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdfThe Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
The Role of Taxonomy and Ontology in Semantic Layers - Heather Hedden.pdf
 
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
 
The Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptxThe Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptx
 
How to convert PDF to text with Nanonets
How to convert PDF to text with NanonetsHow to convert PDF to text with Nanonets
How to convert PDF to text with Nanonets
 
CNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of ServiceCNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of Service
 

Absolute Advantage Theory

  • 1. The Theory of Comparative Advantage - Given by David Ricardo
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8. Table-1 15 10 Portugal 30 15 England Cost Per Unit In Man Hours Cost Per Unit In Man Hours Wine Wheat Country
  • 9.
  • 10.
  • 11. Table-2 T o t a l P o r t u g a l E n g l a n d C o u n t r y Production Wine Wheat Wine Wheat After Trade Before Trade 12 18 11 17 12 0 6 9 0 18 5 8
  • 12.
  • 13.
  • 14.
  • 15.