jrarnold01 jrarnold01
  • 20-04-2021
  • Business
contestada

what is the difference between absolute advantage and competitive advantage

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lak521
lak521 lak521
  • 27-04-2021

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

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