Ask Question
19 May, 22:12

When does one country have an absolute advantage over another country?

+1
Answers (1)
  1. 19 May, 22:24
    0
    A country with an absolute advantage over another country achieves this if their production costs are lower.

    Absolute advantage means a company or individual out perform another more efficiently. In this case, if two companies are making a product and one selling them for the same price, but one company can make the product for cheaper, they have an absolute advantage.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When does one country have an absolute advantage over another country? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers