See Also: Absolute Advantage(money)
Absolute advantage(finance)
Tight money or dear money(finance)
Advantage(money)
advantage(dictionary)
advantage(1)(dictionary)
ADVANTAGE ONE(finance)
ADVANTAGE PLUS(finance)
ADVANTAGE(finance)
advantage(2)(dictionary)

Absolute Advantage (money)


Definition: Capability one company has to manufacture a product at lower costs than any other business in its industry.

Definition: [crh] A person, company or country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that Definition: of another person, company or country.