Business, 09.07.2021 22:30 rscott2649

Ricardo's theory of advantage states that it makes sense for a country to specialize in the production of those goods that it produces most efficiently and then purchase the goods that it produces less efficiently from other countries, even if this means buying goods from other countries that it could produce more efficiently itself.

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Ricardo's theory of advantage states that it makes sense for a country to specialize in the product...

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