Theory of Comparative advantage

Theory of Comparative advantage

In economics, Theory of Comparative advantage refers to the ability of a party to produce a particular good or service at a lower marginal and opportunity cost over another. Even if one country is more efficient in the production of all goods (absolute advantage in all goods) than the other, both countries will still gain by trading with each other,


Climate Change and Global Warming

Global Warming

Climate Change and Global Warming Introduction Climate change can be defined as a change in the state of climate that can be identified by changes in the mean and/or variability of its properties, and that persists for an extended period, typically decades or longer. It may be a consequence of natural internal processes or external


Methods and Types of Data Processing | Most Effective Methods

Methods of Data Processing

Data Processing Methods and Types of Data Processing Various data processing methods are used to converts raw data to meaningful information through a process. Data is manipulated to produce results that lead to a resolution of a problem or improvement of an existing situation. Similar to a production process, it follows a cycle where inputs


Gross National Happiness (GNH) Index

gnh the gross national happiness

Gross National Happiness background & history Gross national happiness- was designed in an attempt to define an indicator that measures quality of life or social progress in more holistic and psychological terms than only the economic indicator of gross domestic product The term quality of life (QOL) is used to evaluate the general well-being of