- absolute advantage
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The capability to produce more of a given product using less of a given resource than a competing entity.
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absolute advantage
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Absolute advantage — The principle of comparative advantage , generally attributed to David Ricardo in his 1817 Principles of Political Economy and Taxation extends the range of possible mutually beneficial exchanges. It is not necessary to have an absolute advantage … Wikipedia
absolute advantage — 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. Bloomberg Financial Dictionary * * * absolute advantage absolute… … Financial and business terms
Absolute Advantage — The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service. Entities with absolute advantages can produce something using a… … Investment dictionary
absolute advantage — /ˌæbsəlu:t əd vɑ:ntɪdʒ/ noun an advantage enjoyed by an area of the world which can produce a product more cheaply than other areas ● For climatic reasons, tropical countries have an absolute advantage in that type of production … Marketing dictionary in english
absolute advantage — total advantage (Economics) … English contemporary dictionary
absolute advantage — … Useful english dictionary
advantage — ad‧van‧tage [ədˈvɑːntɪdʒ ǁ ədˈvæn ] noun [countable, uncountable] something that helps you to be better or more successful than others: • America s lead in aerospace is one of its most important competitive advantages. • Government subsidies give … Financial and business terms
Absolute molar mass — is a process to determine the characteristics of molecules. TOC History The first absolute measurements (i.e. made without reference to standards) were based on fundamental physical characteristics and their relation to the molar mass. The most… … Wikipedia
Absolute size exclusion chromatography — (ASEC) is a technique which couples a dynamic light scattering (DLS) instrument to a size exclusion chromatography system for absolute size measurements of proteins and macromolecules as they elute from the chromatography system.A measurement is… … Wikipedia
Absolute horizon — In general relativity, an absolute horizon is a boundary in spacetime, defined with respect to the external universe, inside of which events cannot affect an external observer. Light emitted inside the horizon can never reach the observer, and… … Wikipedia
