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Trade, comparative advantage discussion

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Taking business personally: Would you have a higher consumption standard of living by self-sufficiently producing all the goods you and your family want to consume or by employing your labor time and/or entrepreneurship to their comparative advantage in the global market economy? Explain

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Taking business personally: Would you have a higher consumption standard of living by self-sufficiently producing all the goods you and your family want to consume or by employing your labor time and/or entrepreneurship to their comparative advantage in the global market economy? Explain

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I would certainly have a higher consumption standard of living through trade with everyone than through self-sufficiency. If I had to be self-sufficient I'd have to learn to make a house, which means learning where to get the stuff necessary to make cement and how to make it, plus how to make bricks, how to ...

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