Question

Imagine that the next time the New England Patriots play the Miami Dolphins at Gillette Stadium in​ Foxborough, Massachusetts, Patriots star quarterback Tom Brady has a temporary lack of judgment and plans to sell Patriots memorabilia during the game because he realizes that he can sell five times more Patriots products than anyone in the stadium sports gear store.​ Likewise, imagine that you are a creative and effective manager at work and that you tell your employees that during the next six​ months, you plan to clean the offices because you can clean five times better than the cleaning staff. Both you and Tom are making an error in judgment by assuming that specialization should be based upon __________.

Answer 1

Answer:

Absolute advantage

Explanation:

Absolute advantage is the term which described as the ability of country, company or individual to produce the greater quantity of the service or good along with the same quantity of inputs per unit of time or producing the same amount of quantity per unit of time through using the lesser quantity of inputs.

The sepcialization should not be grounded on the absolute advantage rather it is grounded on the comparative or relative advantage as being better at something than someone else.