I recently found myself in a conversation with a fellow faculty member about the idea of “comparative advantage.” This is an economic idea that says that people, and countries, should do what they are ...

Comparative advantage is an economic term that describes doing what you do best, and leveraging that against what you don’t do so well. World economies depend on the outcome. Comparison advantage is ...

Andrew Beattie was part of the original editorial team at Investopedia and has spent twenty years writing on a diverse range of financial topics including business, investing, personal finance, and ...

You have /5 articles left. Sign up for a free account or log in. The classical economists who originally brought us many of the ideas that have evolved into the ...