THEORIES OF ABSOLUTE AND COMPARATIVE ADVANTAGE IN ECONOMICS

Authors

  • Zafarbek Jumaniyazovich Ramatov

Keywords:

Theories of international trade, classical economic school, Theory of absolute advantage, high productivity, absolute costs, theory of comparative advantage, absolute advantage in costs.

Abstract

Every country participating in international trade tries to correctly and effectively solve the problem of which goods to sell and which goods to buy. At different times, different theories have been created about this problem. Modern theories of international trade start from the classical economic school, theories of A. Smith, D. Ricardo.

References

Мирзиёев Ш.М. Ўзбекистон Республикaси Президенти Шaвкaт Мирзиёевнинг Олий Мaжлисгa Мурожaaтномaси, Хaлқ сўзи, 22.12.2017 йил

Шумпетер Й. Теория экономического развития, М.:Прогресс, 2002, 455 с.

Downloads

Published

2024-07-10

Issue

Vol. 2 No. 7 (2024): Modern Scientific Research International Scientific Journal

Section

Articles