Brilliant Quizlet Business Studies Community Helpers Printables Flashcards

Pin On Gcse Teaching Resources
Pin On Gcse Teaching Resources

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What is the law of comparative advantage and why is it important in international trade.

Start studying Business Studies- chapter 2. What products does the US have a comparative advantage in today. Why has trade increased. Efficiency Achieving lower costs that result from increased output from the same amount of inputs Liquidity The ability to pay short term debts Solvency Ability to pay long term debts measures financial stability Growth increases the value of the business Profitability the profit the business makes. H i e r ac hyof Needs M tv n l d bA m Maslow. It is a process that defines the pattern of decision-making that will be followed to address the issues that confront the business.


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