Now that we’ve discovered about specialization, we’re in a position to be informed about absolute merit and comparative merit. That is one thing that may backup a person, corporate, or nation resolve what’s of their absolute best pursuits to construct, via analyzing alternative prices. This additionally ends up in the idea that of interdependence, which ties in with exports and imports, as we’ve already mentioned. Have a look!
Script via Matt Beat: https://www.youtube.com/user/iammrbeat
Animation via Ignacio Triana: https://www.youtube.com/c/Unraveled
Keep watch the entire Economics playlist: http://bit.ly/ProfDaveEcon
Arithmetic Tutorials: http://bit.ly/ProfDaveMath
American Historical past Tutorials: http://bit.ly/ProfDaveAmericanHistory
Historical past of Medication Movies: http://bit.ly/ProfDaveHistoryDrugs
Normal Chemistry Tutorials: http://bit.ly/ProfDaveGenChem
Classical Physics Tutorials: http://bit.ly/ProfDavePhysics1
EMAIL► ProfessorDaveExplains@gmail.com
PATREON► http://patreon.com/ProfessorDaveExplains
Take a look at “Is This Wi-Fi Organic?”, my keep on disarming pseudoscience!
Amazon: https://amzn.to/2HtNpVH
Bookstall: https://bit.ly/39cKADM
Barnes and Noble: https://bit.ly/3pUjmrn
Conserve Depository: http://bit.ly/3aOVDlT
source
Gains from trade, comparative advantage, and opportunity cost
I'm a student from India, pursuing Chartered Accountancy, and this video was a boon for me. Thanks a lot. Keep up the good work❤❤
what a perfectly explained concept!
The goods should be homogenous according to Riccardo
Wait if it cost less tables per bird house for Harry, then it makes more sense for Harry to build tables right? Logically if it cost less then you make that for a comparable advantage.
I’m just becoming aware of this channel. Professor Dave, I think you might be a genius communicator bro. Subscribed.
cool stuff
You can send this video to anyone you don’t talk to anymore! 😂
This is great. I able to stop and rewind easily illustrated
Aabe kya batya kuvh nhi samjh aaya 😂
Thank you
Thenkkyou!
EXELLENT
Khan was my goto, but this time, you won!
Welldone, Dave, great video
Very helpful
thank you for lesson
thank you
Thanks for explaining this concept.
Get this man in my school 😤😤
Easy as cake❤
Brilliant explanation
Hej, Sven håber du ser denne kommentar 😉
So good at explaining, keep it up and thank you.
This was very helpful thank you!!!!
wow thats great
Wish you would've used a more complex example to explain comparative advantage in the context of countries, the examples you gave made it sound like you just need to find the absolute advantage for each country and go for that one, but the exercises given by my professor are way harder
thanks
GREAT VIDEO!
u saved my life
Is that a d&der reference?
Thanks🎉❤
Go vegan if you are educated…that's what matters the most!!
My 1st language is not even English, but he explains in such a simple way that I understand it . Thankyou
OMG YOURE AMAZING THANK YOU SO MUCH MAY GOD BLESS YOU ALWAYS
good explanation,, thank you
thank you so much omg
I hope you are incredibly rich off of these videos, they are so informative, never stop
All my high school life, I thought he was a science teacher. Now I'm in university studying a commerce subject and he's still my teacher.
first video after which i clearly understood what this theory means
tysm!
Thank you❤️🙏🏾
i almost couldn't recognize my boy dave without the hair😂
Simple and easy to understand
thank you sirrrrrr:)
I dont get it