비교우위와 절대우위-영문 레포트

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비교우위와 절대우위에 대한 영문 레포트

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General Definition
Application

본문내용

Application
Comparative advantage is used in economics in many parts. The most well-known thing is trade between countries. Every trade is based on ‘Comparative theory’, as we can see one written by D.Ricardo. This theory tells us that it’s better for any country to produce product in which it has comparative advantage and exchange them each other than producing many stuffs by itself.
We can see this concept in common trade, like the trade between USA and Korea. USA has absolute advantages in both automobile and beef compared to Korea. But there are on a table of negotiation of reducing restriction in beef and automobile markets because USA is importing automobile from Korea and Korea is importing beef from USA.

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