A firm or country has a comparative advantage in the production of good X in the opportunity cost of producing a unit of X, in terms of other goods foregone, is lower, in that country compared with ...

The first edition of A Concise Guide to Macroeconomics by David A. Moss was published in 2007—just as one of the world's great economic downturns was taking off. The second edition has just been ...

Andrew Beattie was part of the original editorial team at Investopedia and has spent twenty years writing on a diverse range of financial topics including business, investing, personal finance, and ...