What Exactly Is Relative Advantage? Relative advantage is a financial law, dating back into the early 1800s, that demonstrates the methods which protectionism (or mercantilism because it is called at that time) was unneeded in free trade.

What Exactly Is Relative Advantage? Relative advantage is a financial law, dating back into the early 1800s, that demonstrates the methods which protectionism (or mercantilism because it is called at that time) was unneeded in free trade. Promoted by David Ricardo, relative benefit argues that free-trade really works even when one spouse in a great […]