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

Find the conversion order for investors, Consider the following four CP inv...

Consider the following four CP investors: Series A: $5m FV (and 2X liquidation preference) or converts to 5m shares; Series B: $10m FV or converts to 8m shares; Series C:

What are the implications of environment in economic growth, What are the i...

What are the implications of Environment in Economic Growth? Implications of Environment in Economic Growth: Only government can suppose liability for protecting natural res

Currency speculators harm for less developed countries, How do currency spe...

How do currency speculators harm for Less Developed Countries? Private capital inflows can be short term and speculative. Speculators shift funds in a Less Developed Countries

What is meant by the term value tree, What is meant by the term value tree?...

What is meant by the term value tree? Value Tree: A value tree gradually decomposes the overall objectives of a project within more exact objectives which can be agreed through

Current vs. historical costs, Accountants prepare income statements typical...

Accountants prepare income statements typically in terms of historical costs, in terms of the purchase price, rather than in terms of the current price. The reasons given for this

What do you meant by contract management, Problem (a) What do you mea...

Problem (a) What do you meant by Contract Management and what is the central aim of contract management? (b) Show the end-of-contract options and describe the cost involve

How less developed countries cannot economies grow, How less developed coun...

How less developed countries cannot economies grow by developing services as tourism? Less developed countries cannot economies grow by developing services as tourism if: Ga

Evaluate Perfect Competition, Evaluation of perfect competition arguing the...

Evaluation of perfect competition arguing the effect on stakeholders, priorities and SR/LR

How is gross domestic product capturing economic dimension, How is Gross Do...

How is Gross Domestic Product capturing the economic dimension of human well-being? GDP (Gross Domestic Product) only captures the economic dimension of human well-being. All c

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