absolute advantage
absolute advantage · absolute advantages
абсолютное преимущество
The capability to produce more of a given product using the same quantity or less of a…The capability to produce more of a given product using the same quantity or less of a given resource than a competing entity.
» What country has the absolute advantage in the production of corn?
Meaning
1 sensesThe capability to produce more of a given product using the same quantity or less of a given resource than a competing entity.
For quotations using this term, see Citations:absolute advantage.
абсолютное преимуществоabsoljutnoje preimuščestvo
Examples
1 sentencesWhat country has the absolute advantage in the production of corn?
Translations
2 languagesРусский
By meaning 1
economics: capability:
Forms
plural: absolute advantages| Singular | absolute advantage |
|---|---|
| Plural | absolute advantages |
regular