|
LAW OF COMPARATIVE ADVANTAGE: A basic principle that states every nation has a production activity that incurs a lower opportunity cost than that of another nation, which means that trade between the two nations can be beneficial to both if each specializes in the production of a good with lower relative opportunity cost. While this law is fundamental to the study of international trade, it also applies to other activities, especially the specialization and the division of labor.
Visit the GLOSS*arama
|
|

|


|
|
RED AGGRESSERINE [What's This?]
Today, you are likely to spend a great deal of time at a going out of business sale seeking to buy either a Boston Red Sox baseball cap or a square lamp shade with frills along the bottom. Be on the lookout for high interest rates. Your Complete Scope
This isn't me! What am I?
|
|
The earliest known use of paper currency was about 1270 in China during the rule of Kubla Khan.
|
|
"You can't use up creativity. The more you use, the more you have. " -- Maya Angelou, poet
|
|
AFBD Association of Futures Brokers and Dealers (UK)
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|

|