What is the difference between law of absolute advantage advocated by adam Smith vs law of comparative

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What is the difference between "law of absolute advantage" advocated by adam Smith vs "law of comparative advantage" advocated by David Ricardo?What is the "infant industry" argument for supporting trade restrictions?

Posted Date: Jun 13, 2024 02:12 PM

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What is the difference between law of absolute advantage advocated by adam Smith vs law of comparative

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