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Absolute advantage
noun
Word Frequency:
0.2
Definitions
1.
noun
The capability to produce more of a given product using the same quantity or less of a given resource than a competing entity.
Synonyms
comparative advantage
competitive advantage
economic moat
value added
market power
commerciality
point of difference
factor of production
account
agricultural surplus
autoconsumption
producer's good
Antonyms
comparative advantage
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