Super Finance Glossary
Over 10,000 financial glossary terms...
Absolute Advantage
Absolute Advantage
Definition: 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 of another person, company or country.
Definition: 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 of another person, company or country.