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In trade and commerce, the marketplace allows producers to take advantage of their costs of production. Each business can specialize in the production of a product in which they have the opportunity to have a lower cost of production. With that comes the comparative advantage. This increases total production and makes the economy larger. With this all companies have the chance to benefit. The additional production generated by specialization is the gain from free trade.
What else can I help you with?
Which term applies to this situation You ask a straight A math student rather than a D math student for help with your homework?
Law of Comparative AdvantageLaw of Comparative advantage
Some people use the term m-commerce mobile commerce to identify e-commerce that takes place using mobile devices?
no.
What is E business and E commerce?
The term E-business refers to a business doing commerce through the internet, via a website or virtual storefront where the company puts information about product and services for their customers and conducts commercial transactions. According to the previous contributor to this question, having a website "will increase the worth and credibility of any organization."E-commerce is a more general term referring to the overall arena of commerce on the internet.
When does a company achieve a sustainable competitive advantage?
when buyers prefer its products over competitors' in the long term
What does the economic term GDP term mean?
Gross Domestic Product
What term applies to this situation having a mechanic rather than dentist work on your automobile?
law of comparative advantage
What is the term used to describe the ability to produce a specific product more efficiently than any other nation?
Absolute Advantage
Which term applies to this situation You ask a straight A math student rather than a D math student for help with your homework?
Law of Comparative AdvantageLaw of Comparative advantage
What economic term describes when You ask a straight-A math student rather than a D math student for help with your homework is an example of what?
Law of comparative advantage
What does the term will call mean in North American commerce?
Will call is a term used in american commerce and it refers to a method of delivery of goods acquired. In this case the costumers will pick up the goods at the business place.
What does the term M or Mobile commerce mean?
Mobile commerce refers to the practice of using mobile devices, such as laptops, smartphones or tablets to conduct commercial transactions. An example of mobile commerce could be one paying for an item on eBay from one's iPad.
Some people use the term m-commerce mobile commerce to identify e-commerce that takes place using mobile devices?
no.
What term describes the use of the Internet to conduct business transaction?
The term "electronic commerce" or "E-commerce" describes the use of the internet to conduct business transactions.
What is the full form of commerce?
There is no full form of the term 'Commerce'. Commerce means a trade which involves buying and selling of goods which can be inside or outside the country.
What is Full form of commerce?
There is no full form of the term 'Commerce'. Commerce means a trade which involves buying and selling of goods which can be inside or outside the country.
What sport does advantage belong to?
The term advantage belongs to tennis.
How can you find a discussion board for online merchants?
I will assume you mean e-commerce business owners when you ask this question. There are many forums for owners of e-commerce sites. Some sites are www.smallbusinessforums.org and www.onlinebusiness.about.com/mpboards.htmTry Google search term "online business forum" or "e-commerce forum".
