Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Absolute and comparative advantage are economic concepts that ...

Comparative advantage is an economic law, dating back to the early 1800s, that demonstrates the ways in which protectionism (or mercantilism as it was called at the time) is unnecessary in free ...

In the fourth part of this series, Liam explains the economic concepts of absolute and comparative advantage - and how Jamaica’s decision not to run the world’s fastest man (Usain Bolt) in the ...

One common oversimplification is that comparative advantage is just about countries making what they’re best at. This is a bit like saying Macbeth is a play about murder – yes, but there’s ...

Comparative Advantage and Free Trade The House Agriculture Committee hears testimony on how food production would be affected by the adoption of a North American Free Trade Agreement, creating an ...

That is, Ricardo on trade and comparative advantage might be 200 years old today but it's all still entirely relevant. And thus, of course, we really should get to grips with the only logically ...

What with this magazine's update to the rich list there's a flurry of articles about Inditex and their major brand, Zara. And there's one little point in one of them that shows the power of an old ...

David Ricardo's concept of comparative advantage is an important premise in international trade theory because it explains how and why countries trade, even when one country can produce all things ...