Investopedia explains Absolute Advantage; Entities with absolute advantages can produce something using a smaller number of inputs than another party producing the same product.

absolute advantage - definition of absolute advantage - The name for the ability of one entity to engage in more efficient production than another entity. ... absolute advantage in the news

In economics, absolute advantage refers to the ability of a party (an individual, firm, or country) to produce more of a good or service than competitors, using the same amount of resources....

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When a country can produce more of a good with the same resources that another country can, it is said to have an absolute advantage in the production of that good.

Comparative Advantage and Absolute Advantage ... absolute advantage: A country, individual, or firm has an absolute advantage in producing a good if production of the good absorbs fewer resources

In the theory of international trade, a country or firm has an absolute advantage if it can produce a product (good or service) more 'efficiently' (cheaply) than others.

Definition of Absolute Advantage in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Absolute Advantage? Meaning of Absolute Advantage as a finance term.

Despite the absolute advantage the U.S. enjoys in the production of computers and lumber, each country will have a comparative advantage in the production of those goods in which they are...

An investment in human resources that can result in "the nation's absolute advantage in the production of sophisticated manufactured goods, such as computers and software, and commercial services...