Lord of the Links

My sojourn into the Spider's Web

Friday, September 24, 2004

Ricardo's Comparative advantage Theory

Comparative advantage - Wikipedia, the free encyclopedia

This theory has been doing the rounds almost 2 centuries after it was proposed partly because it applies to the Indian Outsourcing Industry. It explains how it is more profitable for a country to specialize in something it has a comparative advantage in and leave the rest to others, even though it may be more efficient than other countries in the other areas as well.

Got to know about this theory from Amardeep's Blog
|| crawled by kpowerinfinity, 8:15 pm

5 Comments:

Good effort Kpower, will keep visiting :)
Blogger Shobha, at 9:21 pm  
Good article KK. Keep it up, for i don't need to search the web like a maniac now a days to search for quality articles. Not that u care, but still, i'll keep coming back. ;)
Blogger SK, at 6:41 am  
Thank you, hope to be of further service to you ;-)
Blogger kpowerinfinity, at 10:26 am  
The following link is though not related to ur link, i thought u would find it interesting
http://economics.about.com/cs/businesscycles/a/recessions.htm

Ajit...
Anonymous Anonymous, at 9:01 am  
The following link is though not related to ur link, i thought u would find it interesting
http://economics.about.com/cs/businesscycles/a/recessions.htm

Ajit
Anonymous Anonymous, at 9:01 am  

Post a Comment