absolute advantage
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English
Etymology
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Pronunciation
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Noun
absolute advantage noun
- The capability to produce more of a given product using the same quantity or less of a given resource than a competing entity.
Verb
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Related terms
Synonyms
comparative advantagecompetitive advantageeconomic moatvalue addedmarket powercommercialitypoint of differencefactor of productionaccountagricultural surplusautoconsumptionproducer's goodbargaining powerproduction externalityoutputleverage
Antonyms
Usage & collocations
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