The results of statistical data processing are drawn up in the form of statistical tables. The tabular form allows you to present the material in the most convenient, compact, visual and rational way. The use of tables as a means of systematizing data can be found in the works of D. Ground, W. Petty, G. […]
Tag: absolutely
Theory of the ratio of factors of production
In their theories of absolute and relative advantage, Smith and Ricardo showed how production can be increased if countries specialize in production that has an advantage. They accept that the functioning of the free market itself will lead producers to goods that they can produce with the greatest efficiency, and will force them to abandon […]