117-Factor Endowment Theory Hecksher-Ohlin

Season 8: Factor Endowment Theory by Hecksher-Ohlin
This is a Noble Prize winner theory. It comprises a 2X2X2 framework. Two countries, two commodities, and two production factors capital & labor. The theory proposes that countries must trade with factors of productions in a higher proportion. It is also thus called the theory of factor proportions. We discuss this remarkable theory in its details. 
AtyaasaaOnline is an E-learning portal that people can preview and learn for free. You can also visit Niket Karajagi's body of knowledge on his Virtual Coaching Portal https://niketkarajagi.com.

AtyaasaaOnline
Tech-Enabled Borderless Organization Development Portal

Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.