Specialization, Trade, and Comparative Advantage

This video shows how an economy can reach a point beyond its Production Possibilities Frontier (PPF) by specializing in the production of goods in which it has a comparative advantage and then trading with another country.
—
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD.  
Edspira’s mission is to make a high-quality business education accessible to all people.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS & OTHER FREE GUIDES
http://eepurl.com/dIaa5z
—
MICHAEL’S STORY
https://www.edspira.com/about/
—
LISTEN TO THE SCHEME PODCAST
Apple Podcasts: https://podcasts.apple.com/us/podcast...
Spotify: https://open.spotify.com/show/4WaNTqV...
Website: https://www.edspira.com/podcast-2/
—
CONNECT WITH EDSPIRA
Website: https://www.edspira.com
Instagram:  Instagram: edspiradotcom
LinkedIn: LinkedIn: edspira
Facebook: Facebook: Edspira
Reddit: Reddit: edspira
*TikTok: TikTok: edspira
—
CONNECT WITH MICHAEL
LinkedIn:  LinkedIn: prof-michael-mclaughlin
Twitter: Twitter: Prof_McLaughlin
Instagram:  Instagram: prof_mclaughlin
Snapchat:  Snapchat: prof_mclaughlin
*TikTok: TikTok: prof_mclaughlin
—
HIRE MCLAUGHLIN CPA
Website: http://www.MichaelMcLaughlin.com/hire-me

• #education
• #specialization
• #trade
• #free_trade
• #comparative_advantage
• #absolute_advantage
• #production_possibilities_frontier
• #ppf
• #economics
• #microeconomics
• #macroeconomics