Comparative advantage
About this model
David Ricardo, 1817. England and Portugal each make cloth and wine; each specialises in the good it is relatively better at and trades, so both end with more of both. A teaching model: it keeps only this core loop and leaves out everything else a real economy has.
"Comparative advantage" is a public Machinations diagram shared in the Community by Machinations, with 49 components.
It was created in October 2026 and last edited in November 2026.
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