How can be comparative advantage improved, Business Economics

Assignment Help:

How can be comparative advantage improved?

Comparative advantage can be gained or improved through:

• Investment during the education and also in training

• Investment within infrastructure,

• Research and Development to enhance competitiveness that is lower unit costs, reliability and better product design.

• Lower inflation rates than all competitors

Comparative advantage into the production of lower valued added textiles has moved away through DCs to LDC economies, here unit labour costs are lower.


Related Discussions:- How can be comparative advantage improved

What is sampling, Sampling and tests of significance are very important too...

Sampling and tests of significance are very important tools in business economics. In fact one cannot do any meaningful marketing research without the requisite knowledge of sampli

Net exports, Net exports normally decrease with the effect when aggregate o...

Net exports normally decrease with the effect when aggregate output decline. When a concretionary fiscal policy is implemented net exports will go up . When government maintain the

Business policy & environment, various approaches followed by FMCG companie...

various approaches followed by FMCG companies in test marketing

Primary and Secondary Markets, What would primary markets look like in abse...

What would primary markets look like in absence of secondary markets?

Macro economics, There are three firms in an economy: A, B, and C. Firm A b...

There are three firms in an economy: A, B, and C. Firm A buys $450 worth of goods from firm B and $260 worth of goods from firm C, and produces 260 units of output, which it sells

Price Discrimination, Suppose a monopolist produces at constant marginal co...

Suppose a monopolist produces at constant marginal cost and is able to discriminate between two groups of consumers. The demand in each group is linear. Would the monopolist discri

What are economic systems, What are economic systems? An economic syst...

What are economic systems? An economic system is the system of organisations utilized by a society to solve the economic difficulty of what how and for whom to make. There are

What is factor endowment problem, What is factor endowment problem? F...

What is factor endowment problem? Factor endowment Problem: Several LDCs have a poor factor endowment than productivity and incomes both are very low according to world

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd