Absolute advantage
In economics, the principle of absolute advantage is the ability of a party (an individual, or firm, or country) to produce a good or service more efficiently than its competitors. The Scottish economist Adam Smith first described the principle of absolute advantage in the context of international trade in 1776, using labor as the only input. Since absolute advantage is determined by a simple comparison of labor productiveness, it is possible for a party to have no absolute advantage in anything.
AP MacroeconomicsAbsolute AdvantageAbsolute advantage theoryAdam SmithComparative advantageDavid RicardoEconomicsFree tradeGlobal labor arbitrageGlossary of economicsIndex of international trade articlesInternational trade theoryMercantilismOn the Principles of Political Economy and TaxationOpportunity costPauper labor fallacySmallest absolute disadvantageTechnology gapTheory of absolute advantage
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Absolute advantage
In economics, the principle of absolute advantage is the ability of a party (an individual, or firm, or country) to produce a good or service more efficiently than its competitors. The Scottish economist Adam Smith first described the principle of absolute advantage in the context of international trade in 1776, using labor as the only input. Since absolute advantage is determined by a simple comparison of labor productiveness, it is possible for a party to have no absolute advantage in anything.
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Absolutní výhoda představuje v ...... uze pracovní síly jako vstupu.
@cs
Das Modell des absoluten Koste ...... soluten Kostenvorteil besitzt.
@de
Em economia, tem vantagem abso ...... bsoluta na produção desse bem.
@pt
In economics, the principle of ...... bsolute advantage in anything.
@en
La théorie des avantages absol ...... sa production est supérieure.
@fr
La ventaja absoluta es un conc ...... n adquirir ninguno al país B.
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Teori keunggulan mutlak (theor ...... por ditiadakan.
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* b
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@in
Teoria przewagi absolutnej jes ...... przyczynami bogactwa narodów".
@pl
В економічній теорії під абсол ...... з меншими питомими витратами.
@uk
В экономической теории под абс ...... меньшими удельными издержками.
@ru
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Absolutní výhoda představuje v ...... uze pracovní síly jako vstupu.
@cs
Das Modell des absoluten Koste ...... soluten Kostenvorteil besitzt.
@de
Em economia, tem vantagem abso ...... bsoluta na produção desse bem.
@pt
In economics, the principle of ...... bsolute advantage in anything.
@en
La théorie des avantages absol ...... sa production est supérieure.
@fr
La ventaja absoluta es un conc ...... al que lo producen los demás.
@es
Teori keunggulan mutlak (theor ...... ncar dan keris.
* l
* b
* s
@in
Teoria przewagi absolutnej jes ...... przyczynami bogactwa narodów".
@pl
В економічній теорії під абсол ...... з меншими питомими витратами.
@uk
В экономической теории под абс ...... соответствующие товары или ус
@ru
label
Absoluta avantaĝo
@eo
Absolute advantage
@en
Absoluter Kostenvorteil
@de
Absolutní výhoda
@cs
Avantage absolu
@fr
Teori keunggulan mutlak
@in
Teoria przewagi absolutnej
@pl
Vantagem absoluta
@pt
Ventaja absoluta
@es
Абсолютна перевага
@uk