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Home > QFINANCE Dictionary > Definition of absolute advantage

Definition of

absolute advantage

Economics

favorable position of regions having low production costs an advantage enjoyed by a country or area of the world that is able to produce a product or provide a service more cheaply than any other country or area

Definitions of ’absolute advantage’ and meaning of ’absolute advantage’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’absolute advantage’ and other financial terms with our online QFINANCE Financial Dictionary.

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