A comparative advantage means having the lowest cost of producing a product. Numerous factors contribute to comparative advantage. Having a comparative advantage allows a company to lower prices on ...

Hi. I'm Jackie Jackson, and I'm going to talk to you about comparative advantage and economies of scale. Now these are two items that a company will examine when they're determining whether or not ...

When we stroll down the aisles of our local supermarket, pause to browse electronics, or flip through streaming services at home, we seldom stop to think about how seamlessly international cultures ...

To return again to that subject exercising so many of our finest economic minds at present. What happens when the robots get good enough to come and steal all our jobs? There's various possible ...

I think we will all happily take, as a sterling standard of impossibility, the idea of my ever winning a Nobel in anything. Even the Peace Prize which has been offered to some pretty odd people over ...

Thanks to oil prices that have reached record levels, proponents of increased exploration in the United States have gained an upper hand in the debate over whether to drill in previously untapped ...

Students who take Economics 101 usually hear a story about international trade. It goes like this: "There's a guy in the state of Michoacán, Mexico, who is really good at growing avocados. There's ...

This paper examines how country, industry, and firm characteristics interact in general equilibrium to determine nations' responses to trade liberalization. When firms possess heterogeneous ...

This article provides an empirical analysis of Vietnam's comparative advantage and its changes since the country's reform programme began in 1986. The framework for analysis is the concept of revealed ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. TERADAT SANTIVIVUT / Getty Images At their core, interest rate swaps are a ...