Tag Archives | International Trade

Why do Nations Trade? | International Trade | Economics

In this article we will discus about the reasons for nations trade. Trade signifies the exchange of commodities and services. This exchange may take place between two individuals, firms or industries within the same country or it may take place between two or more nations or countries. The former type of exchange is termed as internal, domestic or interregional trade, [...]

By |2018-03-15T11:34:43+05:30March 15, 2018|International Trade|Comments Off on Why do Nations Trade? | International Trade | Economics

Comparative Costs Theory (Evaluation) | International Trade | Economics

In this article we will discuss about the critical and empirical evaluation of comparative costs theory. The complexities and peculiarities of international trade necessitated the separate treatment of international trade from the domestic or inter­regional trade. The classical theorists tried to create a theoretical structure to deal with such fundamental issues as why different countries engage themselves in trade; which [...]

By |2018-03-15T11:34:43+05:30March 15, 2018|Comparative Costs Theory|Comments Off on Comparative Costs Theory (Evaluation) | International Trade | Economics

Costs and the Theory of Comparative Costs | Economics

In this article we will discuss about the costs and the theory of comparative costs. Transport Costs and the Theory of Comparative Costs: The Ricardian comparative costs theory rests upon the assumption that there is an absence of transport costs. This assumption is not at all valid in actual life. The transport costs not only exist but these can also [...]

By |2018-03-15T11:34:43+05:30March 15, 2018|Comparative Costs Theory|Comments Off on Costs and the Theory of Comparative Costs | Economics
Go to Top