Acton Institute Powerblog Archives

Post Tagged 'Ricardian economics'

What Christians Should Know About Comparative Advantage

Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries in the series see this post. The Term: Comparative advantage What it Means: The ability of an individual or group of individual (e.g., a business firm) to produce goods or services at a lower opportunity cost than other individuals or groups. Continue Reading...