Difference between revisions of "Absolute advantage"
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| − | Absolute advantage is an [[economic]] term meaning the ability to produce a good with less inputs than the competition. | + | '''Absolute advantage''' is an [[economic]] term meaning the ability to produce the same amount of a good with less inputs than the competition. |
| − | [[Category: | + | [[Category:Economics]] |
Latest revision as of 00:53, July 13, 2016
Absolute advantage is an economic term meaning the ability to produce the same amount of a good with less inputs than the competition.