Think Like An Economist cover image

S E14: Gains From Trade - Why Ringo played the drums

Think Like An Economist

CHAPTER

Comparative Advantage in Markets

Naz: I passionately believe in delegating. Comparative advantage is all about figuring out how to delegate well. It lets us focus our time on tasks where we have a comparative advantage. And that's really what markets are based on. If i have a busy day at work, then i'll definitely buy my lunch. The time you'd be spending making lunch, you could spend making podcasts about the economy. What if i'm a good cook? You don't know if i am or not. But i think you are great at making economic podcasts.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner