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Hats off to the teacher who gave the valuable time to explain us every bit with related to the previous theory of trades, instead of giving only information and points, Sir even taught descriptivly to visualise the concept
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I just want to add one thing here. David Ricardo didnt said ek hi country ko absolute advantage ho sakta hai kya and thats not the reason why he challenged the theory. He said some countries might have absolute advantage in producing many things so in that case they would not trade much and because of that the countries with absolute advantage in lesser things will suffer. It will also be a big hurdle when it comes to promotion of trade so thats the reason why he criticised absolute advantage theory. Feel free to correct me if I m wrong.
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Isn't this wrong ? If China gets 6W then it means the country has 6 not 5 man-hours . The gain is of 5 man-hr, but China will have 6 man-hr to produce rice as it is completely specializing in it. Hence, 6x3 = 18 R 18R - 3R when trade happens so 15R is gain from trade. . . If you are taking gain hr i.e, 5 man-hr to see how much China can produce rice then we won't be subtracting 3R of trade from it, as it has been already accounted for when we did 6 - 1 = 5 man-hr gain. Then answer will come directly 5 x 3 = 15 R which is the gain .... no need to subtract 3 R again from it as we have already accounted the gain in Man-hr . . . He has done it in the way I have described above in the comparative advantage video. Which I am sure is the correct one.
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Sir, I read that the assumption of this theory is that cost advantage and the disadvantage to both the countries should be equal. Here you have not taken the money as the factor but Time as the factor. I don't know if the statement applies here or not but, though, in the example given by you both countries have absolute advantage over each other for one of the commodity but they are not equal. So, is the example correct?
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Hats off to the teacher who gave the valuable time to explain us every bit with related to the previous theory of trades, instead of giving only information and points, Sir even taught descriptivly to visualise the concept
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Thank you so much. I've an exam tomorrow. May Allah help you, ameen
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Thanks for articulating the concept of Absolute Advantage theory. Your efforts are appreciated.
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I just want to add one thing here. David Ricardo didnt said ek hi country ko absolute advantage ho sakta hai kya and thats not the reason why he challenged the theory.
He said some countries might have absolute advantage in producing many things so in that case they would not trade much and because of that the countries with absolute advantage in lesser things will suffer. It will also be a big hurdle when it comes to promotion of trade so thats the reason why he criticised absolute advantage theory.
Feel free to correct me if I m wrong.
Heard so much about you from Anjali Jain ma'am, really appreciate your efforts.
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Sir the way you have taught in this video was Brilliant. God bless you
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Ye trick best h teaching ki thode se time me pura concept clear kra diya. Fantastic
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outstanding sir
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Thanks for uploading this video for self study guys.
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Thank you so much sir.. 😊
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This was really excellent sir ... Thank you sir......
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Thanku so much sir bht ache se clear kia apne 😇😇😇
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Sir eske according digram bhi to show karte jisse ache se samj m aata sir plz digram se samjao
Thanks for your suggestion, we will definitely take it into account and improve on that.
🗣️
Thank you sir for clearing this concept neatly. 😃
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Tell me what type of concept does he clear ,
Lot of missing are their............
Thanks sir for giving us the best explanation on this theory 😁😊😊
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It is so easy to be understood that from you sir
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amazing video sir.. really i needed this 💕
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Nyc one sir... finally u taught me and i got it
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Nice sir thanks for the video
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Amazing video sir
Thank you so much sir
Easily doubt clear krne ke liye 😍
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Thank u for clear the concept in easy way
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Your teaching style is very good thank you so much sir.
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Good explanation...♥️♥️
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You nailed it Sir 😍🙌
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Thank u so much for this vid.....Its help me a lot for my exam......
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You have done the best, keep continue.
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Thnk u sir for making eco so easy
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Thanks for such an easy explanation,so easy to understand
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Isn't this wrong ? If China gets 6W then it means the country has 6 not 5 man-hours . The gain is of 5 man-hr, but China will have 6 man-hr to produce rice as it is completely specializing in it. Hence,
6x3 = 18 R
18R - 3R when trade happens
so 15R is gain from trade.
.
.
If you are taking gain hr i.e, 5 man-hr to see how much China can produce rice then we won't be subtracting 3R of trade from it, as it has been already accounted for when we did 6 - 1 = 5 man-hr gain.
Then answer will come directly 5 x 3 = 15 R which is the gain .... no need to subtract 3 R again from it as we have already accounted the gain in Man-hr
.
.
.
He has done it in the way I have described above in the comparative advantage video. Which I am sure is the correct one.
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Thank you sir for the beautiful explanation about this theory
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Sir, I read that the assumption of this theory is that cost advantage and the disadvantage to both the countries should be equal. Here you have not taken the money as the factor but Time as the factor. I don't know if the statement applies here or not but, though, in the example given by you both countries have absolute advantage over each other for one of the commodity but they are not equal. So, is the example correct?
Nice explanation sir.. 👌👌😊
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Made it easy to understand. Thank you
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This was really good yaar. Thank you so much
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Thankyou sir i wish you were in our college
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What a explanation man🫡🤍
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Very nice vedio, i am cs final student, ur way of teaching is very nice.
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Explained in a simplified manener!!😄
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Great....simplified I understand everything
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Very easy to understand..very nice sir.
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Thank you sir ❤️ ,,,,nots milne she tik tah
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Bht acha smjaya shukriya
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Thank you sir understood very well with in a short span if 7 24 sec
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Thank you so much sir 🙏
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very ❤nicely explained sir
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Great help sir
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Thank you sir ❤️
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Satisfactory explanation 😊
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Thank u so much sir.. Very well explained.
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Love u sir .i m nigar from pakistan
Thank you sir far this nice video
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thanks, you have explained this very simply osm
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Nice explaination..
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Sir comparative advantage pe video bnao
Thanks for your suggestion, we will definitely take it into account and come up with a video on this
Your explaination super good👍👍👍👍👍
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Finally I got it absolutely advantage theory with a short video 😅 thank you
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Wonderful explanation.
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Too good sir....
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Thanks 😊
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Actually i was understand finally thank you so much sir
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Nice sir..
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It's best ever..
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Excellent Sir 🙏🙏🙏
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Thanks you soo much sir...
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Thanks alot sir ,,,
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Great sir
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Thank you sir
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Well done
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Thank you!
very helpful thx
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Thankyou...
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Thank you sir g
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Good
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Thank you
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Good explanation
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Too informative video sir👍👍
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Thank you.sir
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Good sir.
Excellent explanation 4rm park.
Thanks a lot Sujal
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Thankyou sir
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Thank you so much 💓
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Gajab 🎉🎉🎉🎉🎉🎉🎉🎉
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Very nice.
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Thank you so much sir 💙
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Good effort...well explained...
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Vry nice explain thanku sir 👍
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Thanks a lot sir ji ❤️
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Nice
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Good one
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Nice video sir
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Thank you♥️
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Thank you so much sir❣❣❣
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Well done ❤
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Nice explanation 👍🏻
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Nyc vedio sir
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Tq so much sirr 😎
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👍 nicely done.
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Great
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Very nice
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Well explained
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