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Absolute Advantage

Definition of 'Absolute Advantage'

A firm, body or country has an absolute advantage if it can obtain a benefit at a lower cost than other firms, bodies or countries.

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Related Terms

Comparative Advantage Life Cycle Stage of Value Creation NAL Co-Movement / Co-Variation Net Debt Percentage Change Arbitrageur Comparative Costs Indexation Just-in-Time Stock Holding Net Advantage of a Lease Sole Proprietor Strategy Planes Chart Value Drivers

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