Examples of 'absolute advantage' in a sentence
Meaning of "absolute advantage"
Absolute advantage refers to the ability of a person, company, or country to produce a good or service at a lower cost or with higher efficiency than others. It is a comparative advantage that allows one entity to outperform and excel in a particular area
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- The capability to produce more of a given product using the same quantity or less of a given resource than a competing entity.
How to use "absolute advantage" in a sentence
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absolute advantage
In both absolute advantage and comparative advantage.
Access to a scarce input providing an absolute advantage.
Phyllis has an absolute advantage in both goods.
Environmental factors give you an absolute advantage.
An absolute advantage in the production of that good.
It might be that he does not have an absolute advantage.
Nebraska has an absolute advantage in producing cattle.
This theory expanded on the concept of absolute advantage.
She had the absolute advantage in both.
Absolute advantage and comparative advantages.
One of the countries has an absolute advantage in.
An absolute advantage of a text is its universality.
Charlie has an absolute advantage in both.
Absolute advantage and comparative advantage are theoretically straightforward.
So he has the absolute advantage in cups.
See also
Absolute advantage in producing both products.
And the theory of absolute advantage would predict.
Absolute advantage and a comparative advantage.
Being much lighter is a absolute advantage for the plant.
Absolute advantage of peptide bioregulators is absence of any adverse reactions.
One country has an absolute advantage in both goods.
Comparative advantage is as opposed to absolute advantage.
Have an absolute advantage in the production of all goods.
He called it the theory of absolute advantage.
Has an absolute advantage in producing wheat.
Benefits of free trade do not depend on absolute advantage.
Norway has a high absolute advantage in car production.
Comparative advantage is often compared with absolute advantage.
But it is not because of that absolute advantage that he is specializing in it.
The difference between comparative advantage and absolute advantage.
One country has an absolute advantage over the other.
Our control of product quality has the absolute advantage.
Is said to have an absolute advantage in the production of that good.
Each nation should specialize where they have an absolute advantage.
Absolute advantage theory.
Difference between comparative and absolute advantage in global markets.
Absolute advantage is anything you do more efficiently than anyone else.
This is an example of absolute advantage.
Absolute advantage is anything a country does more efficiently than other countries.
Examples of absolute advantage.
Absolute advantage of prices.
Not necessarily have an absolute advantage in the production of all goods.
The game is played until one of the teams will get an absolute advantage.
An absolute advantage in both.
Define and distinguish between absolute advantage and comparative advantage.
An absolute advantage is but a transient condition that always erodes in the long run.
Describe the roles of comparative and absolute advantage in the global market.
The principle of absolute advantage is much more convincing than the principle of comparative advantage.
Relatively cheaper labor would have an absolute advantage in producing many goods.
Absolute advantage is the ability to produce a particular product more efficiently than any other country.
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Organisations might take advantage of these circumstances to
Take advantage of the same security controls
He never fails to take advantage of a family tragedy
Examples of using Absolute
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An absolute path to the file is allowed to use
Decisions are taken by an absolute majority of votes cast
Pin absolute pressure at venturi inlet kPa
