Last Updated
：2025/11/24
absolute advantage
（ plural ）
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(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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absolute advantage
When a firm has an absolute advantage in manufacturing microchips, it can produce more units with the same amount of labor and materials than its competitors.
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When a firm has an absolute advantage in manufacturing microchips, it can produce more units with the same amount of labor and materials than its competitors.
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