WebCT: ECON30631 Labour Economics (004510) - ECON30631 &LEC 2009-10 1st Sem (coursework) : Adam Smith, Absolute advantage
This page last changed on 27 Nov 2009 by msra7rh2.

Adam Smith:

Scottish economist(16 June 1723- 17 July 1790 ), author of 'The Wealth of Nations' (21). Smith put forward the concept of absolute advanage in which a country produces a good or service using fewer real resources than another entity producing the same good or service.

 

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