Absolute advantage (绝对优势 jué duì yōu shì) is a kind of advantage (优势 yōu shì) which refers to the condition that the country can produce the same quantity of a good or service using less quantity of inputs.
Part 1: Breakdown of Words
- “Absolute” (绝对 jué duì) as in “absolute value”(绝对值 jué duì zhí), “absolute zero”(绝对零度 jué duì líng dù), or “absolute pitch”(绝对音高 jué duì yīn gāo).
- “Advantage” (优势” yōu shì) as in “comparative advantage” (比较优势 bǐ jiào yōu shì), or “competitive advantage “(竞争优势 jìng zhēng yōu shì).
Part 2: Examples
- Theory of Absolute Advantage (绝对优势理论 jué duì yōu shì lǐ lùn).