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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. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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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.