Question to consider when before delegating
- Who can do this job instead of you?
- Who can do this job better than me?
- Who can do this job at a lower cost than me?
- Can this activity be eliminated altogether?
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Microeconomics: Comparative Advantage
The law of comparative advantage was first mentioned in 1817 by English economist David Ricardo.
A company has a comparative advantage when it is able to provide a good or service at a lower opportunity cost than others, helping it sell the same product at a lower cost, ...
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