Criticisms of Comparative Advantage. The following are the criticisms of the Ricardian doctrine of comparative advantage: The theory only considers labour costs and neglects all non-labour costs involved in the production of the commodities. The theory considers all labour to be homogenous. Who propounded the doctrine of comparative cost? ComparativeRead More →
The main aspect of comparative law is the unification of laws on an international level. The comparative method provides similarities and differences in the legal system and thus helps in creating a uniform platform to come to a consensus on certain issues. It is an important aspect of economic legalRead More →
The types are: 1. Comparative Income Statement 2. Comparative Expenses Statement 3. Comparative Balance Sheet. What is comparative statement also known as? What are Comparative Statements? … These statements help in determining the profitability of the business by comparing financial data from two or more accounting periods. The data fromRead More →