If a country is the only source of a particular product or it can make more of a product using the same amount of or fewer resources than other countries we say that the country has an absolute advantage in economic terms.

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Absolute advantage refers to the ability of a country to produce a particular good more efficiently than other countries, either by being the only source of that product or by producing more of it using the same amount or fewer resources.

If a Country Is the Only Source of a Particular