The ability to produce a good at lower cost, in terms of real resources, than another country. In a Ricardian model, cost is in terms of labor only. Absolute advantage is neither necessary nor suffici [..]

A person, company or country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that of another person, company or country.

Being able to produce goods more cheaply than other countries.

When a country has the capacity to produce goods at a lower cost than another country, it is said to have an absolute production advantage. Even if a country has an absolute advantage in the production of all goods, it can still gain from specialization and trade if it has a comparative advantage in the production of any good.

The general ability to produced more goods using fewer resources. This idea of absolute advantage is important for trading that occurs between both people and nations. A nation can get an absolute adv [..]

Definition The name for the ability of one entity to engage in more efficient production than another entity. Assuming equal inputs, the entity with an absolute advantage will have a greater output.

One country enjoying total lower costs of production than another country (ies). Adaptation.

The ability to produce more units of a good or service than some other producer, using the same quantity of resources.

The ability to produce more of a good or service than another producer using the same amount of resources as that producer.

exists when a business can produce a good or service more efficiently than any other business.

Absolute Advantage is the general ability to produce more goods using fewer resources. This idea of absolute advantage is important for trading that occurs between both people and nations. A nation ca [..]

In international trade theory a country which has an absolute advantage in producing a good is able to produce that good more efficiently (more output per unit of input) than any other country. Also s [..]

The ability of a producer to produce a higher absolute quantity of a good with the productive resource available.   Abundance :   A term that applies when individuals can obtain all the goods they w [..]

A country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that of another country.

An absolute advantage exists when a nation or economic region is able to produce a good or service more efficiently (using the same amount of resources) than a second nation or region.

A country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that of another country. 

The ability of an entity or country to produce more of a given product using a given amount of resources than another entity or country.

In the theory of international trade an absolute advantage occurs when a country or company is more efficient (using fewer resources) at producing the same good or service than another country or company. This theory was first suggested by British economist Adam Smith in the 18th century. See also comparative advantage.

The general ability to produced more goods using fewer resources. This idea of absolute advantage is important for trading that occurs between both people and nations. A nation can get an absolute adv [..]

The ability of a producer to produce a higher absolute quantity of a good with the productive resource available.

(economics) The capability to produce more of a given product using less of a given resource than a competing entity.

absolute advantage|lang=en *'''2003'''-last1=O'Sullivan |first1=Arthur |authorlink1=Arthur O'Sullivan |last2=Sheffrin |first2=Steven M. |title=Economics: Principles in Action |url=http://www.amazon.c [..]

is the ability of agents to produce goods by using less resources per unit of output than other agents.

The ability of an economic actor (an individual, a household or a firm) to produce some particular good or service with a smaller total input of economic resources (labor, capital, land, etc.) per uni [..]

A person, company or country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that of another person, company or country.