Definitions from Wiktionary (absolute advantage)
▸ noun: (economics) The capability to produce more of a given product using the same quantity or less of a given resource than a competing entity.
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▸ noun: (economics) The capability to produce more of a given product using the same quantity or less of a given resource than a competing entity.
Similar:
comparative advantage,
competitive advantage,
economic moat,
value added,
market power,
commerciality,
point of difference,
factor of production,
account,
agricultural surplus,
more...
▸ Words similar to absolute advantage
▸ Usage examples for absolute advantage
▸ Idioms related to absolute advantage
▸ Wikipedia articles (New!)
▸ Words that often appear near absolute advantage
▸ Rhymes of absolute advantage
▸ Invented words related to absolute advantage