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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.
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Ask question different between Marginalism & incrementalism #Minimum 100 words accepted#
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assignment .
The prevention of main swings in economic activity can be handled most simply by the household sector. Explain why?
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