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  5. Absolute Advantage

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 AdvantageLife Cycle Stage of Value CreationNALCo-Movement / Co-VariationNet DebtPercentage ChangeArbitrageurComparative CostsIndexationJust-in-Time Stock HoldingNet Advantage of a LeaseSole ProprietorStrategy Planes ChartValue Drivers

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