Nolan asked in Social ScienceEconomics · 1 month ago

Econ Questions?

How does trade due to comparative advantage differ from trade due to expanded markets?

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  • Oiy
    Lv 5
    1 month ago

    Tade based on a comparative advantage means a country gives up the other production of the other good for its advantage good. Then it exports and imports as a trade. The market expansion means the industry has an economies of scale. It expands the market to reduce the long-run average cost per unit.

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  • 1 month ago

    I was feeling better and stuff

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