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Blog

60 Second Adventures in Economics - The Principle of Comparative Advantage

Jim Riley

20th September 2012

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Another core introductory concept beautifully described here by the OU - comparative advantage. 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.

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Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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