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  SPECIFICATION
TEXTBOOK OF INTERNATIONAL ECONOMICS, A (hb)2012
Author: P. V. VENKATACHALAM
ISBN: 9788178849041
Year: 2012
Publisher: CYBER TECH PUBLICATIONS (INDIA)
Category: ECONOMICS
Edition: 1
Format: Hard Cover
Language: English
Pages: 296
 ABOUT THE TITLE
An important feature which distinguishes national from international transactions in factor mobility. The classical economists Adam Smith and David Ricardo, writing in the late eighteenth and early nineteenth centuries, believed that although labour and capital moved freely within countries, from one region to another and from one occupation to another, factors of production between different countries were highly immobile. If factors are immobile internationally then international exchange will follow different economic laws from purely domestic transactions.

P V Venkatachalam (Author)

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