State the theories of:
11. Smith,
12. Ricardo,
13. Heckscher-Olin,
14. Porter,
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Economics
State the theories of:
11. Smith,
12. Ricardo,
13. Heckscher-Olin,
14. Porter,
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4.2 Ratings (783 Votes)
11 THEORY OF SMITH According to theory under free and unregulated trade a nation should specialize in producing those goods it could produce most efficiently The capability of a nation to produce more of a good with the same amount of input than another country According to Smith wealth
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