advantage and disadvantage of motivation
Disadvantages: -crowding-out effect -time-lag -deficit spending
absolute cost advantage talks about the efficiency and cheaply a country incure in the production of goods and services against other country whiles comparative advantage talks about the opotunity cost of goods
Lindner's Country Similarity theory suggests that most trade in manufactured goods should be between countries with similar per capita incomes and that intraindustry trade in manufactured goods should be common
Those theories both refer to international trade, however absolute advantage was mentioned earlier. According to it, a trade between 2 countries is possible only if one has absolute advantage (produces a good with less costs or with less time) and other has absolute disadvantage in producing that good but at the same time it must have an absolute advantage in producing the secong good. If a country produces a good better (cheaper/faster), it would specialize on it and export. Theory assumes that only 2 counties and 2 goods exist, no other costs except for labour are taken into account.
That a country has the best advantage of making all products, all things constant. It shows what a country would have if it didn't trade.
in which it has a comparative advantage in producing
Advantage: Biographical theory helps to understand an individual's behavior and development by examining their personal history and experiences. It can provide valuable insights into how past events shape a person's current attitudes and behaviors. Disadvantage: Biographical theory can be subjective and reliant on self-reported information, which may not always be accurate or complete. It may also oversimplify complex human behavior by attributing it solely to individual experiences.
Advantage of reference frame theory
When two gays have sexual intercourse, but aren't allowed to get married they are at a political disadvantage!
Darwin's theory is the same as the Darwin's theory. They are identical in every way.Darwin's theory = Darwin's theory I don't understand the question. Please rephrase, I think there is a mistake...
explain theory of absolute cost advantage as propounded by Adam smith