Absolute Advantage is when a country can produce a good more efficiently than another, impacting international trade positively.
Absolute Advantage occurs when a country can produce a good at a lower cost or higher productivity compared to another country. This concept is essential in understanding international trade and specialization.
For example, if Country A can produce cars with fewer resources than Country B, Country A has an absolute advantage in car production.
Having an absolute advantage can lead to countries specializing in goods they can produce most efficiently, ultimately benefiting global production and consumption.
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