Register Login
DioEnglish.com Return Index

flyingkite's Space http://www.dioenglish.com/?25725 [Favorites] [Copy] [Shares] [RSS]

Blogs

The comparative advantage

627 views. 2011-8-28 19:39 |Individual Classification:economics|

 

There is another principle in economics is the comparative advantage, which is the comparison among producers of a good according to their opportunity cost. There is no person or a producer in the world could have this advantage at all good. When one has the comparative advantage over one good, he or she must lose the edge over the other thing. This is the golden rule in the economics, which is also a golden rule in the life philosophy.

The principle of comparative advantage is served for the reasonable existence of trade. The trade makes people life better off because trade allows everybody to exert their comparative advantage on one field and make exchange the goods by trade. Similarly, the life rolls the same way. That is why we call for the cooperation. My favorite teacher of economics told us if possible it was fun to take some time to discuss marriage from economical perspective. I am willing to have a shot with no more than one ounce of economical knowledge, though I have never experienced marriage. All the ensuing states are assumptions, which are just the assumptions.

My civil law professor defines the marriage as the lifetime partnership based on love. This is an interest illustration. Firstly, Love initiates the special relationship, but it never contains the stability of the relationship for lifetime. Secondly, the nature of the marriage is partnership. Two different individuals from remote places come together and combine together to live together for the rest of life. What they need is not merely the love and passion but the requirements of making their life happier and better. Thus, cooperation plays a vital role in the partnership. How can we cooperate in a friendly and efficient way? I think there are at least three determinants. To begin with is tolerant. The partners should understand each other and think of each other with empathy. The second is communication. Talking and conversation can smooth many frictions. The last but not least one is comparative advantage benefits. Two people handle with diverse fields well and help each other in their skilled areas. The wife likes cooking and experts in it, while the husband mows the lawn better. Thus, they can devote themselves in the perspective jobs. Marriage reduces the cost of talking in trades. This is one reason I am for marriage.

It seems that I’ve gone too far away from the comparative advantage. Keep the point. My core view is that everybody should be confident because the economics have conveyed that it is impossible for one person to have advantages over another comparatively in every aspect. What we need to make us to own the comparative advantage in the evaluated areas and make ourselves to be the hot and high price demands in the market. You could be gun or butter. It is up to your eyes of viewing yourself and the world

Post comment Comment (1 replies)

Reply snowflying 2011-8-29 07:52
good article surely! i benefited from it more,my friend. thank for sharing.

facelist doodle 涂鸦板

You need to login first Login | Register

每周一篇英文日志,坚持一年,你的英语能力将发生质的飞跃!

DioEnglish.com --- A Nice Place to Practice English and Make New Friends!

English Writing, English Blog, English Diary, 英语角, 英语写作, 英文写作, 英语交流, 英语日记, 英语周记, 英文日记, 英语学习, 英语写作网, 英语作文大全

Website Rules|Contact Us|茶文化|英文博客网 ( 京ICP备06064874号-2 )

GMT+8, 2024-5-20 05:55

Powered by DioEnglish.com

© 2008-2013 China English Blogs

Top