Economics A-Level
Absolute advantage
What Absolute advantage means in Economics A-Level, as defined for AQA.
Definition of Absolute advantage
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Reference: AQA
Occurs when a country produces more of a good than another using the exact same resources.
Topics that use Absolute advantage
- Trade (AQA A-Level)
Related terms
- Comparative advantage
- Deadweight welfare loss
- Economic efficiency
- Economic integration
- Economies of scale
- Export subsidies
- Gains from trade
- Government tariff revenue
Using Absolute advantage in the exam
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