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ONADabsolute advantage

absolute advantage

Flag: gbEnglishOxford New American Dictionary

absolute 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.
absolute advantage — ONAD · Shobdo