What is absolute advantage?

2 answers:

4 0

Hello there!
Absolute advantage is the ability of an individual to carry out a particular economic activity more efficiently than another individual group.

strojnjashka [21]4 years ago

3 0

Answer:

Explanation: The Absolute Advantage, in terms of trade flow is the condition of having the best product or higher production efficiently using little input. In the Absolute advantage, only products are exported where less resources and labor are required, compared to another country that can export the same product.

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