What does Absolute Advantage mean?
The ability to produce a greater quantity of a good using the same amount of resources than competitors.
If a company can produce using fewer resources, it has an Absolute Advantage.
Absolute Advantage in German, French, Spanish and Italian
GermanAbsoluter Vorteil
Effizientere Produktion eines Gutes im Vergleich zu anderen.
FrenchAvantage absolu
Capacité à produire plus avec autant de ressources.
SpanishVentaja absoluta
Capacidad de producir un bien usando menos recursos que otros.
ItalianVantaggio assoluto
Capacità di produrre di più a parità di fattori produttivi.
Common phrases with Absolute Advantage
- possess an absolute advantage
- production absolute advantage
- resources absolute advantage