The table below gives the number of labour needed to produce one unit of Cloth and Machine in Lesotho and Swaziland. Table 1: Units of labour needed for the production of one unit. Lesotho 25 50 Cloth Machine Swaziland 6 15

Q: nd rates Imperfect competition Imperfect operation Government may restri

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A: US is a developed and one of the most developed economy in the world.

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A: Comparative Advantage: This is a concept in economics that refers to the ability of a country or…

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Q: The principle of comparative advantage helps explain trade between nations.  True  False

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