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Unformatted text preview: have a job but are not working at the time. The general idea to solve this problem is the law of comparative advantage as the article states. Comparative advantage is the idea that two firms can work together and produce goods faster and can use time wisely. For example if a firm relies on another firm for management of a product and that firm focuses on strictly producing than both firms will benefit. This in turn will also create more job openings. Now more jobs are available and both firms are making more of a profit. Dalsania 2 Pope, By Stephen. "Labor Pains - Stephen Pope - Market Mind - Forbes." Forbes . 14 Sept. 2010. Web. 23 Sept. 2010. <http://blogs.forbes.com/stephenpope/2010/09/14/labor-pains/>....
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This note was uploaded on 03/26/2011 for the course ECON 0146010010 taught by Professor Allisonfranzese during the Spring '11 term at Rutgers.
- Spring '11