Definition for absolute advantage - Oxford Dictionaries Online (World English)

Subscriber login

Close menu

	Email Cite
	absolute advantage (ab¦so\|lute ad¦van\|tage) noun Economics the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.		More words in this category -penny cost of living CSR de-index distributive fail hyperinflation industrialist managed currency multiplier Organization for European Economic Cooperation pump-priming recessive single currency tax credit taxation taxpayer threshold tiger triangular trade Nearby Words absent-minded absentee absentee ballot absentee landlord absenteeism absently absinth absit omen absolute absolute advantage absolute alcohol absolute magnitude absolute majority absolute music absolute pitch absolute temperature absolute title absolute unit absolute value