88.8k views
0 votes
Bangladesh has a comparative advantage in textile production due to its low labor cost. the idea of comparative advantage was proposed by

User Niederee
by
8.2k points

1 Answer

4 votes
David Ricardo developed the classical theory of comparative advantage in 1817 to explain why countries engage in international trade even when one country's workers are more efficient at producing every single good than workers in other countries.
User Mark Hollas
by
8.0k points

Related questions

asked Mar 5, 2024 99.2k views
Slazyk asked Mar 5, 2024
by Slazyk
7.6k points
2 answers
2 votes
99.2k views
1 answer
0 votes
110k views