Absolute advantage is when one producer has greater productivity compared to another producing the same product.

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Absolute advantage is a concept in economics that describes a situation where one producer can produce a given product using fewer resources than another producer. This means that the more efficient producer can produce more of the product in the same amount of time or produce the same amount of product in less time than their less efficient counterpart. It is important to note that absolute advantage does not take into account the opportunity cost of production, which is the cost of producing one good or service in terms of the forgone production of another good or service.

Absolute Advantage Is When One Producer Has Greater Productivity Compared