Crypto Terms:
Letter A
Jul 07, 2023 |
updated: Apr 05, 2024
What is Absolute Advantage?
Absolute Advantage -
a structure in which one party has an advantage in performance when creating or providing services and products.
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Absolute Advantage is a term that demonstrates a direct advantage of one party over the other. The advantage can be shown when creating or offering a particular product or service. Meaning that one party is performing better than the other.
It’s a concept that is widely used in economics.