3 ms·
This is called "comparative advantage". http://en.wikipedia.org/wiki/Comparative_advantage http://en.wikipedia.org/wiki/Comparative_advantage This description
by thwarted 12y ago
This is called "comparative advantage". http://en.wikipedia.org/wiki/Comparative_advantage http://en.wikipedia.org/wiki/Comparative_advantage
This description of it by P.J. O'Rourke in "Eat the Rich" uses the respective talents of John Grisham and Courtney Love to explain it.
http://appliedabstractions.com/2004/11/30/ricardo-explained-by-orourke/ http://appliedabstractions.com/2004/11/30/ricardo-explained-...