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

Homework help in explination, with a water park going in town. What kind of...

with a water park going in town. What kind of externality is this?

Why are penalty clauses in monetary compensation, Subcontracts frequently i...

Subcontracts frequently include penalty clauses to provide the main contractor defence into the case of the supplier’s poor performance. Why are penalty clauses not the complete an

The economic environment of business, MBA - MACROECONOMICS ASSIGNMENT Pr...

MBA - MACROECONOMICS ASSIGNMENT Professor Instructions Abide by following points or no credit will be given for your answers: • Concise and to-the-point answersare what

Demand, The amount of a good or service that a consumer is willing and able...

The amount of a good or service that a consumer is willing and able to buy at each particular price

Economic problems, what are the economic problems facing any individual in ...

what are the economic problems facing any individual in the economy

What is the washington consensus, What is the Washington Consensus? Th...

What is the Washington Consensus? The Washington Consensus is a set of polices arguments advocated through free market economists to motivate growth and it is at the heart of

Elasticity of demand, Explain the elasticity of price expectations?

Explain the elasticity of price expectations?

Explain about theories and models linked to development, Explain about theo...

Explain about theories and models linked to development. • There is no one agreed theory of development. All models, as Rostow, provide an insight in one or two dimensions of t

GDP, GDp of World?

GDp of World?

What are the objectives and instruments of monetary policy, QUESTION 1 ...

QUESTION 1 (a) What are the objectives and instruments of monetary policy? (b) "With financial liberalisation, there is a need to shift from direct instruments to indirect m

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