absolute and comparative advantage

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Информация о absolute and comparative advantage

Название	:	absolute and comparative advantage
Продолжительность	:	7.08
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Просмотров	:	489 rb

It's true what this man is saying is wrong
Comment from : Jolezya Nchimunya

It’s tricky even with absolute advantage because when you say cheaper, you don’t have prices in the model in dollars or euros
Comment from : Даурен Аскаров

Thanks sir well explained
Comment from : MR NJOBVU

not all people with high knowledge can teach clearly, teaching is an art
Comment from : Gregory Matthew

Thanks it's more clear 🙏🏽
Comment from : elie saa

Thanks, Sir
Comment from : orpon ot

Totally useless theory in my opinion
Comment from : Alexandar Domenighini

I still confuse cause, my teacher explanation is so different than this explanation
Comment from : Polilop

Some people are gifted communicators This guy is one of them
Comment from : Richard Gordon

you are a legend!!!
Comment from : Rohan Bawa

Thankyou sir for the amazing explanation of the topic in just 7mins I have been spending hours finding the right explanation of the same This vedio solved my problem!
Comment from : Aswathi C A

nicely explainedthank u sir
Comment from : rajat nath

Awesome video sir
Comment from : Nurul Islam

this is a poorly explained scenario
Comment from : sihle bella

good explanation
Comment from : Feguens Douze

GOOD
Comment from : Benedicta Manu

Well done pahj outstanding vid
Comment from : Cameron Davidson

Thank you for sharing Gonna help me a lot in tomorrow's exam
Comment from : K H I Z A R

And yet in the real world China will make everything and the UK will slowly sell off its assets to stay afloat
Comment from : Lazy Daisee

If I use your video as a tool for my students, do I have your permission?
Comment from : LF Educator

youtube/SGDQlKniFm8
Comment from : Shafiqullah Shafiq

"Clearly, it's cheaper to make cars in China than it is in the UK" hahaha!! i chuckled thanks! Great content
Comment from : M TS

Absolute advantage taught by an absolute unit
Comment from : Ben Dover

Nice job to explain thx👍
Comment from : Jonathan amador

Well done
Comment from : J C

Thanks, the table makes move visual sense than some other videos
Comment from : Eric Stevens

The way you speak reminds me of a very famous English cricket commentator Mark Nicholas
Comment from : Sandeep Singh Rawat

That was fantastic! Thanks loads!
Comment from : Adil

now i understand itthanku
Comment from : Shaiq Malik

YOURE DOING GODS WORK BROTHER THANK YOU
Comment from : s

Thumbs up from somalia😘😙
Comment from : Adnan Ali Ahmed

2018 now and video uploaded at 2008 more than 10 years i understood than i spent in class
Comment from : Adnan Ali Ahmed

The amount of views shows how bad all of our Econ teachers are
Comment from : Adrian

Ur video really helpful!! Thank u so much
Comment from : Sendy Wang

thank you so much it takes one lesson video on YOU TUBE for me to understand this Much appreciated
Comment from : Elizabeth Poverello

Sir, you just saved my life thank you for this video
Comment from : Argur Gashi

June 2018, glad i found this Much better than the lecturer i met in class Thanks!
Comment from : LboroRamos Xiang

Please please never stop making you tube videos They help me SO much you have no idea
Comment from : Rose Hathaway

10 years later and still helpful in simple terms Thank You!
Comment from : T_AAA_ Dice

bye bye paj
Comment from : Sam Vernon

Trump needs to watch this!
Comment from : richard aurre

Thank u
Comment from : Mel Brown

But what about cheese cars?
Comment from : Tiffany Zoe

thank you, you just made economics easier :)
Comment from : Escobar

Thanks!! :)
Comment from : Susanna

nikka ho
Comment from : fuckerer bitcher

nikka
Comment from : fuckerer bitcher

so patient
Comment from : Jeffrey opoku

watching on 2017 Still helpful !cheer
Comment from : Ninja Chihuahua

THANK YOU, KIND SIR!!!!
Comment from : Rachel

thanks sir
Comment from : Rahul Mishra

good job sir
Comment from : Abdulaziz Al-Fayez

Thank you sir From India
Comment from : Anoop N

Thank you!
Comment from : L Belle

Thank you, I FINALLY get it!
Comment from : Danielle Pierre

it was better
Comment from : Miluksha Wickramasekara

I FINALLY UNDERSTAND IT THANK YOUUUU
Comment from : addie schlingmann

Thanks a lot Helps a lot for my AP microeconomics class
Comment from : Kek

When the world resorts to cars and cheesesbrbrbrbrbrbrbrCheesus Chrysler, I'm just China make a joke UKay?
Comment from : KOJI K

thanks bruh
Comment from : Denzell

this guy is wrong brit the other way around
Comment from : rafael irizar

Mid 2017 and this video is still SUPER helpful!!
Comment from : Daniel Penman

To everyone complaining: It's just with hours needed instead of amount of output, so larger numbers means less effectiveness People in the comment really scare me, how can they not grasp the idea Video is really useful and simple to understand
Comment from : Monophobia

thank you so much!!!!!!! so helpful!
Comment from : Olivia Pittman

thank you! I previously found this concept so difficult! this video simplifies it a lot!!!!
Comment from : saskia potts

Its 3 cars make 1 cheeseits ratio 15 car : 5 cheesebrSo u divide 15/5 which makes 3 Cars to make 1 cheesehe is WRONG
Comment from : Renukhoa Poobalan

Thanks for saving my ass!
Comment from : NoboMike

thank you very much very helpful
Comment from : Sabit Hassan Mollick

beautiful and clear explanation with an example thank you
Comment from : Sange Sherpa

I still don't get the point I understood the definitions of absolute and comparative advantages but when it comes to the examples it makes me very confusing Someone help me plz
Comment from : 슈비닝

Of course this video is still benefiting people! It's already 2017Thank you for uploading this video to illuminate me and get the key point in my Economics class!
Comment from : Joe Cao

WOW thank you so much! You just helped a freshman college student understand how to find the Absolute Advantage :D
Comment from : Esmeralda Marquez

Absolutely love this So well explained, yet simplified so we can understand Thank you
Comment from : Lindsay Morley

Thank you
Comment from : Indilbibble Bones

very simple and clear Thank you
Comment from : Tyler Timothy

This helped so much Thank you
Comment from : Emilyy

Jesus, good explenation :)!
Comment from : Fabian Binkert

ahh this explanation was much clearer than at uni, THANKS
Comment from : Alejandro Joseph

This is great Very clear and straight to point
Comment from : Carlos Mairoce

does he not have it backwards? uks cost for making one car is 1/3 cheese, not 3 no?
Comment from : Joel Griffin

humongous wotbrbtw, very concise and clear, thanks!
Comment from : 성현박

thank you it is so much clearer now!
Comment from : knaomie kerha

UK for making 1 car gives up 1/3 of cheese, because the OC is 5/15
Comment from : Federico Pedrinoni

Thank you so much!
Comment from : Jack Liu

economics is the shittest subject
Comment from : MissWooHoo11 - BSL for American Pit Bull Terriers!

Absolutely understandable, thank you for clear explanation
Comment from : Armine Mikayelyan

Yes it was clear! Thank you :)
Comment from : Daizy N

Thank you so very much!! You taught me this theory better than the teacher in my college did This helped me alot youtube will probably save me from flunking economics this semester, thanks to people like you <3
Comment from : Anwaya Pimpale

Genius Thanks !!! Now i know that i have a comparative advantage over Golden State
Comment from : CM2k-3

Thank you, and this is the 500th comment!
Comment from : AbyssWalkerX8

Goat
Comment from : Motilla Beats

This helps so much thank you :) One question though, if opportunity costs are both the same so uk produces 10/5 China produces 4/2 (1 car/1 ton of cheese), would China produce both cheese and cars as there's no comparative advantage and they have absolute?
Comment from : Hello D