During 1817, David Ricardo showed the astonishing perception of comparativeadvantage. “As per the rules of comparative advantage, even when one country isless capable compared to (has an absolute disadvantage with regards to)
theother country in the manufacture of both goods, there’s still a basis for mutuallyadvantageous trade.” Salvatore (2005, p.33.) What does it mean for a nation tohave an absolute advantage or disadvantage in the manufacture of a great?What’s a comparative advantage? How can you describe Ricardo’s conclusionthat there will be any cause for business? Would your description persuade amercantilist to participate in global trade?