A comparative advantage occurs in economics, when a country can produce a good or service at a lower opportunity cost than another country. The theory of comparative advantage is attributed to ...

With the help of a diagram, examine the likely effects of a country imposing a tariff on imports of a specific good on: the level of imports of the good; the level of domestic production of the good; ...

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, ...

On 2 April, President Donald Trump didn’t just shock the world with his reciprocal tariffs announcement—he also upended 200 years of trade wisdom. Most of us take free trade and global supply chains ...

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 ...

Speaking to Sky News Australia’s Kieran Gilbert, Dr Pradeep Philip said the sector had enormous potential for the Australian economy and for our exports. “It comprises about 1 per cent of the energy ...

Through the country's 'Make in India' policy, which aims to promote domestic entrepreneurship and attract foreign investment into high-tech export industries, India's focus on self-reliance has ...

This course is available on the BSc in History and Politics, BSc in International Social and Public Policy with Politics, BSc in Philosophy, Politics and Economics, BSc in Philosophy, Politics and ...

This course is available on the BA in Social Anthropology, BSc in History and Politics, BSc in International Social and Public Policy with Politics, BSc in Philosophy, Politics and Economics, BSc in ...