GAME WITHOUT LOSERS Free Essay, Term Paper and Book Report
Have you ever thought about playing a game without losing? You may think this is impossible as you learnt from your childhood that wherever there is a winner, there must be a sympathetic loser. However, what I am going to introduce to you here is a game that whoever joins in may gain something from this game. This is, in fact, the game of trade. Trading is not a zero-sum game with losses offsetting wins because it allows every member participating receives a greater amount of quantity, greater choices as well as cheaper prices of goods and services. Nowadays, nearly every country in the world depends on other countries to supply them with goods that they cannot produce domestically, or the opportunity cost to produce those goods is high. That is why the trading game is globally expanding and attracting more and more countries around the world.
Competitors enter the trade do not need to have absolute advantage, which is the term used for people who can produce the product with the least quantity of inputs such as money, resources and so on. They are not necessarily required to have ......
Word Count: 1327
Page Count: 5.3 (250 words a page / double spaced)
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