Assignment Help With Modern Theory Of International Trade

What do you mean by the modern theory of international trade?

It is one of the important theories in the economics which is also known by the name of factor endowment. This theory was firstly presented and authenticated by Heckshre and Ahline who were two very famous economists in the field. This theory contemplates that every country is rich in certain resources which can be found in abundance there. For example, some countries provide great labor work while some provide machineries well. Some have land in abundance while some have good capital investment. Every country has a comparative advantage on these resources due to the differences and needs of the resources in the line of production.

This theory stats that the country which have an abundance in machineries will make goods in which more of machinery is required and the same happens with the other countries which is rich in labor and hence makes products and commodities whose production requires labor. This is followed by the export major of the labor incentive goods in high margin. In simper forms, this theory stats the amount of land, capital, entrepreneurship and labor which a country possesses and have chance for making production values which will be helpful to both the producers as well as the citizens of that country. As a result, the countries which have a large production group or factor endowment will have higher profit eventually and the countries with small factor endowment will eventually have a lower profit range. There are various institutions which access, studies and analyses the equitable distribution of the resources which is very necessary for a country to sustain the best benefits for its country and its citizens from the factor endowment.

Economics Assignment Help Order Now

Now, the New world economies have made the new policies and appliances for the betterment of this, such as the conductive soils, which have the suitable and appropriate size and texture and places having sparse population which eventually came within the control and authority of the institutionalizing European colonists, who have a very marginal economic interest which is open for exploitation and the benefits can be reap from these sudden discoveries.

If there is any doubt or even a slight confusion on the modern theory of international trade, contact us right away without losing any time. We provide best services on this and also assign a high professional expert tutor who will look after your work for you and also provide the subsequent study materials to help you get the best understanding of the topic or the subject. Call us anytime as our services are 24*7 available.

What are the tool of the modern theory of international trade?

There are some tools which helps in explaining this theory well, these are:

1. Production Possibility Curve (PPC)

Production possibility curve is a curve which gives the idea about different combinations of two separate goods which a single economy can produce with the use of all the resources it has and capital and labor. The production possibility curve or PPC is a concave curve in look which is downward. For example, when the good A is produced more in an economy then the production of good B should have to be decreased simultaneously. This keeps the curve of Production possibility downward.

2. Price line

Price line is basically the base line which explains the relationship consensus between two products which can be fully purchased after giving a suitable amount of money from the real income for that goods. There is also a budget line, which is a very important element of analysis of the consumer behavior. The people's preferences and choices are kept as an indicator with the combination of the two goods. The budget line is a continues line with the constraint.

3. Community Indifference curve

A community indifference curve is a curve which showcases the pairs of the two goods at an equal level having the satisfaction of the whole community very high. In simpler words, it is an illustration which implies the different combinations of a single good which would eventually bring the whole society and community's utility to a same level. The curves involved in this are all individual which are aggregated and held at one equal point of utility.

What do you mean by Factor Abundance and Factor Intensity?

Factor intensity is referred to the relative importance of any one singular product which is compared with the other various factors in the production process in a particular industry. It is mentioned clearly in the glossary of the international economics. On other hand factor abundance means that the availability of the factors in a large supply scheme which is usually on terms when it is on the relative terms. It is mostly compared with the demand and the supply charge which is at another place and time.


Factor endowment is an important determinant in the process of production and also keeps up with the effects and changes in the trade patterns in different countries and places. Another thing about factor endowment is that the theoretical approach and the empirical literature on this have some theories on itself and confirms it. The survey and proper research work is very necessary in this. It helps up in making certain decisions and drawing up certain comparisons as for the purpose of research and study.

As we have seen that Modern theory of international trade is a very deep and complex subject but the richness and knowledge bank of this subject is vast. But sometimes, due to its complex nature and detailed virtue, it gets hard upon the students to grasp every topic at once, which eventually results in non-completion of projects, assignments and homework which is assigned to them by the school or college. But, you don't have to worry no, our team of professional tutors are here for your help, who are willing to work upon your assignments and projects and help you get that good grades. Our team of tutors follow the deadline completion pact and also guarantee a 100% plagiarism free work at a very affordable price. We bet you will not get any better services than ours at this price range. Our tutors are professionals from universities and high schools which have excelled in their projective field. Modern theory of international trade is a very tough subject which gets over the head of the students sometimes. Our tutors use the study material which is very easy to understand and get the grasp of the subject. It will help the students in preparing for the tests also. We are available to help 24*7 with our tutors. Contact us from our helpline number or visit our website, and check various other service that we provide and other offers. We are looking forward for your call.

Email Based Assignment Help in Modern Theory Of International Trade

To submit Modern Theory Of International Trade assignment Click here

Following are some of the topics in International Economics in which we provide help:

Economics Help | Economics homework Help | International Economics | International Economics study help | College economics help | Help with economics homework | Economics Help Online | Help On Economics | Need help with Economics | Economic Statistics Help | Economic stimulus help | High school economics help | Online tutoring

Improve Your Grades with Custom Writing Help
Homework Help
Writing Help
Editing Services
Plagiarism check
Proofreading services
Research Project help
Custom writing services
E learning blogs

Disclaimer : The study tools and academic assistance/guidance through online tutoring sessions provided by AssignmentHelp.Net is to help and enable students to compete academically. The website does not provide ghostwriting services and has ZERO TOLERANCE towards misuse of the services. In case any user is found misusing our services, the user's account will be immediately terminated.