Discover how absolute and comparative advantage influence global trade, highlighting real-world examples and implications for economic decision making.

Forbes contributors publish independent expert analyses and insights. Sarah Williamson covers capital markets and long-term strategies. In a competitive marketplace, businesses need to know their ...

Harry Truman once asked for a one-armed economist because he was tired of hearing his economic advisors say, “On the one hand you will have this outcome and on the other hand you will have another.” ...