• Absolute advantage is the ability of an individual, company, region, or country to produce a greater quantity of a good or service with the same quantity of inputs per unit of time than another entity that produces the same good or service.


    Absolute Advantage meaning & definition 1 of Absolute Advantage.


  • an advantage a country has because it can produce a particular type of product more cheaply than another country:

    Absolute Advantage meaning & definition 2 of Absolute Advantage.

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