NEO CLASSICAL THEORY OF INTERNATIONAL TRADE (Part - 1)THEORY of OPPORTUNITY COST/ONLINE LECTURE - 10

The video explains one of the most famous theories of international trades, this is one of the two most well knows theories of the neo classical era, along with the reciprocal demand theory of J. S. Mill, in the video it has been well explained how Heberler gave a new outlook to the classical theories of international trade by taking about the pre-trade and post - trade scenarios. The concept of opportunity cost was aptly used to explain the phenomena and so the theory was appreciated on many grounds.
link to Part -2 : • NEO CLASSICAL THEORY O...
This is one of the most sorted out theories of M. A ECONOMICS. KINDLY EXCUSE THE MISTAKES BEEN DONE. Keep watching, keep sharing and keep learning, thanks😊

[@knowledgefactory3926]

great work

[@onlinetutorialofeconomics]

#. Grt.

[@sumbulmalik9931]

2nd part ???