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Comparative static economics studies the comparison of the old and new equilibrium positions. It does not study the path of change. In comparative static economics, we take only the first equilibrium position and the final one; we.

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Potentials and Limitations of Comparative Method in. with especial attention paid to comparative studies of. Economic development in general and.

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The law or principle of comparative advantage holds that under free trade, an agent will produce more of and consume less of a good for which they have a comparative.

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