Theories

Theory of Comparative David Ricardo, the nineteenth-century economist from Britain, solved the problem of the theory of absolute advantage, by ...

Factor Proportion Theory This theory further extends the concept of comparative advantage that exists for certain countries and this is ...

Product Life Cycle Theory Naturally, as the international scenario where trading is done evolves on a daily basis, existing trade ...

Agency Theory The notion of incongruence between the external vendor and a principal could be understood by outsourcers through the ...

Knowledge based theory Knowledge based theory in the organization illustrates knowledge plays vital role to design managerial decision making to ...