kmmollo6425 kmmollo6425
  • 09-03-2018
  • Business
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When does one country have an absolute advantage over another country?

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MrsTriplet MrsTriplet
  • 18-03-2018
A country with an absolute advantage over another country achieves this if their production costs are lower.

Absolute advantage means a company or individual out perform another more efficiently. In this case, if two companies are making a product and one selling them for the same price, but one company can make the product for cheaper, they have an absolute advantage. 
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