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Understanding the Gains from Specialisation and Trade

AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 21 Mar 2021

This short revision video takes students through the law of comparative advantage and uses PPF analysis to show how a country such as Malawi could benefit from specialisation and trade with a nation such as Australia. Evaluation would include questioning the assumptions of the basic theory.

Understanding the Gains from Specialisation and Trade

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