Absolute advantage - Revision history

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Absolute advantage is an economic term meaning the ability to produce a good with less inputs than the competition.

← Older revision		Revision as of 00:53, July 13, 2016
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	'''Absolute advantage''' is an [[economic]] term meaning the ability to produce the same amount of a good with less inputs than the competition.		'''Absolute advantage''' is an [[economic]] term meaning the ability to produce the same amount of a good with less inputs than the competition.

−	[[Category:~~economics~~]]	+	[[Category:Economics]]

← Older revision		Revision as of 21:56, July 30, 2011
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−	'''Absolute advantage''' is an [[economic]] term meaning the ability to produce a good with less inputs than the competition.	+	'''Absolute advantage''' is an [[economic]] term meaning the ability to produce the same amount of a good with less inputs than the competition.

	[[Category:economics]]		[[Category:economics]]

← Older revision		Revision as of 22:04, March 8, 2008
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−	Absolute advantage is an [[economic]] term meaning the ability to produce a good with less inputs than the competition.	+	'''Absolute advantage''' is an [[economic]] term meaning the ability to produce a good with less inputs than the competition.

	[[Category:economics]]		[[Category:economics]]

← Older revision		Revision as of 22:36, June 21, 2007
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−	Absolute advantage is an [[economic]] term meaning the ability to produce a good with ~~more~~ inputs than the competition.	+	Absolute advantage is an [[economic]] term meaning the ability to produce a good with less inputs than the competition.
−
−	The term is important in the theory of international trade because it is often assumed that (to take an example) if France has an absolute advantage over England in some product, say cheese, then France will normally import cheese from England. A seminal analysis by the 19th-century English economist [[David Ricardo]] showed that despite France's absolute advantage, it may well harm both countries for England to produce and export cheese to France.

	[[Category:economics]]		[[Category:economics]]

← Older revision		Revision as of 19:03, April 7, 2007
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−	Absolute advantage is an [[economic]] term meaning the ability to produce a good with ~~less~~ inputs than the competition.	+	Absolute advantage is an [[economic]] term meaning the ability to produce a good with more inputs than the competition.
		+
		+	The term is important in the theory of international trade because it is often assumed that (to take an example) if France has an absolute advantage over England in some product, say cheese, then France will normally import cheese from England. A seminal analysis by the 19th-century English economist [[David Ricardo]] showed that despite France's absolute advantage, it may well harm both countries for England to produce and export cheese to France.

	[[Category:economics]]		[[Category:economics]]

← Older revision		Revision as of 17:20, March 28, 2007
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−	Absolute advantage is an economic term meaning the ability to produce a good with less inputs than the competition.	+	Absolute advantage is an [[economic]] term meaning the ability to produce a good with less inputs than the competition.
		+
		+	[[Category:economics]]