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 Glossary   >   A   >   "Absolute Advantage" Definition   

        Absolute Advantage

Where a country, individual, company, or region can produce a good or service at a lower cost per unit.

Absolute Advantage


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Absolute Advantage - Where a country, individual, company, or region can produce a good or service at a lower cost per unit.


Absolute Advantage : where a country, individual, company, or region can produce a good or service at a lower cost per unit.