H-O model is also a comparative advantage model and it is 2*2*2 model. In the recardo model, comparative advantage comes from difference in OC of production of any good and labour is the only factor used which means it is not homogeneous otherwise why would have been any difference in OC
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H-O model is also a comparative advantage model and it is 2*2*2 model. In the recardo model, comparative advantage comes from difference in OC of production of any good and labour is the only factor used which means it is not homogeneous otherwise why would have been any difference in OC
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You've covered all aspects of the topic.
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Dumdar.class.sir
Sir, is there any mistake in first question beacase,advantage in one good comapare to other country does mean absolute advantage
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