ABSTRACT
The increase in output or welfare received
by a country, or the world as a whole,
through international trade making possi-
ble specialization of production. The the-
ory of COMPARATIVEADVANTAGE demonstrates
how this is possible.
The increase in output or welfare received
by a country, or the world as a whole,
through international trade making possi-
ble specialization of production. The the-
ory of COMPARATIVEADVANTAGE demonstrates
how this is possible.