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Comparative Advantage

  • By: Corina McKendry
  • In: Green Food: An A-to-Z Guide
  • Edited by: Dustin Mulvaney & Paul Robbins
  • Subject:Environmental Technology, Policy & Management, Environmental Policy

Comparative advantage is one of the principal ideas used in economics to explain the potential for gains from trade between countries. The theory of comparative advantage—developed by 19th-century economist Robert Torrens but usually attributed to David Ricardo—asserts that a country ...

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