Absolute Advantage

Business, Legal & Accounting Glossary

Definition: Absolute Advantage


Absolute Advantage


Full Definition of Absolute Advantage


The name for the ability of one entity to engage in more efficient production than another entity. Assuming equal inputs, the entity with an absolute advantage will have a greater output.


Cite Term


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Page URL
https://payrollheaven.com/define/absolute-advantage/
Modern Language Association (MLA):
Absolute Advantage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 04, 2021 https://payrollheaven.com/define/absolute-advantage/.
Chicago Manual of Style (CMS):
Absolute Advantage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/absolute-advantage/ (accessed: December 04, 2021).
American Psychological Association (APA):
Absolute Advantage. PayrollHeaven.com. Retrieved December 04, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/absolute-advantage/

Definition Sources


Definitions for Absolute Advantage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.