theory of comparative cost advantage
11Torrens, Robert — ▪ British economist and politician born 1780, Hervey Hill, County Derry, Ireland died May 27, 1864, London, England British economist, soldier, politician, and promoter of schemes for the colonization of Australia. Torrens joined the… …
12international trade — Introduction economic transactions that are made between countries. Among the items commonly traded are consumer goods, such as television sets and clothing; capital goods, such as machinery; and raw materials and food. Other transactions… …
13Economics — This article is about the social science. For other uses, see Economics (disambiguation). For a topical guide to this subject, see Outline of economics. Economics …
14Free trade debate — Free trade is one of the most debated topics in economics of the 20th and 21st century Fact|date=December 2007. Arguments over free trade can be divided into economic, moral, and socio political arguments. The academic debate among economists is… …
15David Ricardo — Classical economics Born 19 April 1772(1772 04 19) Died …
16Free trade — Not to be confused with Free market. World trade A series on Trade …
17international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… …
18Ricardian economics — David Ricardo was born in 1772 and made a fortune by later becoming a stockbroker and loan broker (Henderson 826, Fusfeld 325). At the age of 27, he read An Inquiry into the Nature and Causes of Wealth of Nations by Adam Smith and was energized… …
19economics — /ek euh nom iks, ee keuh /, n. 1. (used with a sing. v.) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. 2. (used with a pl. v.) financial considerations;… …
20Protectionism — For the protectionist Australian political party from the 1880s to 1909, see Protectionist Party Protectionism is the economic policy of restraining trade between nations, through methods such as tariffs on imported goods, restrictive quotas, and …
