Economists say free trade is good because of "comparative advantage". But what is comparative advantage? Why is it good?
There are many industries where companies do not tend to consolidate
Can you give me a few examples? I'll list a few important industries:
In each one of these, you'll find a bunch of big players.
For example:
Even if you consider new entrants (such as Tesla) we are still talking about a few companies that dominate the industry.
Can you list any important sector where we don't see consolidation?
Economists say free trade is good because of "comparative advantage". But what is comparative advantage? Why is it good?