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 - https://www.youtube.com/playlist?list=PLhQpDGfX5e7DDGEQvLonjDQsbclAF2N-t

Transcript link - http://podcast.open.ac.uk/feeds/3998_youtubeuploadsfriday/20181031T142703_The_Principle_of_Comparative_Advantage_-_Transcript.pdf

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