What is an Absolute Advantage?

Somtochukwu

Absolute advantage is the ability of a nation, region or company to produce a certain good or service more efficiently and cheaply than any other nation, region or company.

 Click here to save this Post as PDF
Let us connect on social media forever;
Follow me

Somtochukwu

Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
Avatar
Follow me

Leave a Reply

Your email address will not be published. Required fields are marked *