Should you try to produce everything yourself or only what you are best at and trade for everything else? What if you're better than your trading partners at everything? This tutorial focuses on comparative advantage, specialization and gains from trade with a microeconomic lens.
12394_Comparative_advantage_and_absolute_advantage.html
12393_Comparative_advantage_specialization_and_gains_from_trade.html
All video content by Khan Academy is under their license: CC by NC SA
Website created using Khan Academy Static Downloader