Marketers are often focused with gaining competitive advantage—combining resources to beat the competition. However, the concept of comparative advantage---or “producing something at the lowest cost ...

The first edition of A Concise Guide to Macroeconomics by David A. Moss was published in 2007—just as one of the world's great economic downturns was taking off. The second edition has just been ...

(MENAFN- The Conversation) For the best part of two centuries, the principle of“comparative advantage” has been a foundation stone of economists' understanding of international trade, both of why it ...

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 ...

I think we will all happily take, as a sterling standard of impossibility, the idea of my ever winning a Nobel in anything. Even the Peace Prize which has been offered to some pretty odd people over ...

Tariffs are a dead weight on economic growth. Free trade and the concept of comparative advantage maximize a nation’s wealth. Each nation should produce the goods and services where that nation enjoys ...

Dr. Fujimoto in his presentation first explained that by focusing on the concept of design, the horizons of manufacturing perspectives broaden from the field of production to non-production functions, ...

Happy New Year! So let’s refresh our minds of the mission of this generation and allow Cabinet to say what it expects to achieve to this end and what we can do to help. The fathers of Independence set ...

Once again, the Supreme Court torpedoed my plan to write about its tariff decision by not making one, and it now appears that the column will have to wait until February. Meanwhile, tariff payments ...

THE events of September 11 overshadowed two major setbacks the US industry had suffered. The first was Enron’s filing for voluntary winding up. With over $50 billion worth of assets, Enron was a giant ...