If a Scale Economy Is the Dominant Technological Factor Defining

question 13

Essay

If a scale economy is the dominant technological factor defining or establishing comparative advantage, then the underlying facts explaining why a particular country dominates world markets in some product may be pure chance, or historical accident. Explain, and compare this with the answer you would give for the Heckscher-Ohlin model of comparative advantage.

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Definitions:

Generating

The process of creating, producing, or bringing into existence something new.

Job Description

A formal document that outlines the responsibilities, duties, qualifications, and scope of a specific job within an organization.

Existing Position

A job role that is currently filled or established within an organization.

Human Resources

The department within an organization that deals with the hiring, administration, and training of personnel.