absolute advantageEnglishOxford New American Dictionaryabsolute advantage /ˈˌabsəˈˌl(y)o͞ot ədˈvan(t)ij, ˈˌæbsəˈˌl(j)ut ədˈvæn(t)ɪdʒ/ ▸ noun Economics the ability of an individual or group to carry out a particular economic activity more efficiently than another individual or group.