jc456
Diamond Member
- Dec 18, 2013
- 139,281
- 29,163
how many has Hitlery beaten?how many candidates has Trump defeated already? got that number do ya now?You discuss economics like a literature major.Left wing economists have long argued that because of its vast land area and wealth of natural resources by the principle of comparative advantage the US should have developed into an agricultural and mining economy instead of the industrial powerhouse it became.So you don't know what the difference is. Comparative advantage when comparing economies refers to natural advantages such as agricultural land or mineral resources or even location, but competitive advantage includes all of that but also other things such as the quality of the work force or efficiency of operations or the manipulation of the currency to keep export prices low government subsidies, and government regulations, etc.
Left wing economists have long argued that because of its vast land area and wealth of natural resources by the principle of comparative advantage the US should have developed into an agricultural and mining economy instead of the industrial powerhouse it became.
Competitive advantage is a microeconomic concept, usually referring to price competition when one company is able to produce a product cheaper than another because of greater efficiency of operation or technological innovation. It can also apply to nations if one nation's work force is superior to another's or it has superior technology or if its government devalues its currency to make its exports cheaper or subsidizes businesses to produce there.
In other words, comparative advantages are created by nature and competitive advantages are created by governments.
I spoke of competitive advantage, but either through ignorance of dishonesty Icebergslim pretended I had said comparative advantage.
Can you name these "left wing economists"?
In other words, comparative advantages are created by nature and competitive advantages are created by governments.
Good L*rd! Is there an "off" button on this gasbag?
He's a certified financial salesman. He takes certification exams where he memorizes definitions. He doesn't really understand them, he just quotes on the exams what he memorized. That's why he didn't understand comparative advantage. He didn't realize how many types of comparative advantages there are from the definition he memorized.
All he does is sell loaded mutual funds, it's not impressive
16 in the primaries, no one in an actual election. Point?