The Principle of Comparative Advantage - 60 Second Adventures in Economics (4/6)

David Ricardo’s famous economic model, predicts that if there are just two countries and two products both can be better off if they specialise and trade in the thing they’re relatively best at. (Part 4 of 6) Playlist link - Transcript link - Free learning from The Open University - Competitive advantage Study a free course on Managing my money at the Open University Study R30 BA (Honours) Economics The Open University is the world’s leading provider of flexible, high-quality online degrees and distance learning, serving students across the globe with highly respected degree qualifications, and the triple-accredited MBA. The OU teaches through its own unique method of distance learning, called ‘supported open learning’ and you do not need any formal qualifications to study with us, just commitment and a desire to find out what you are capable of. Free learning from The Open University For more like this subscribe to the Open University channel Like us on Facebook: Follow us on Twitter: #OpenUniversity #Economy