What is the difference between absolute advantage and competitive advantage

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asked Mar 13, 2022 212k views

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Vadim Kirilchuk · Answer 1 · 2022-03-20T06:20:56+0000

Answer:

Absolute advantage refers to the uncontested superiority of a country or business to produce a particular good better. Comparative advantage introduces opportunity cost as a factor for analysis in choosing between different options for production diversification

What is the difference between absolute advantage and competitive advantage

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