What is the difference between absolute advantage and comparative advantage?

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09-11-2016
Business

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What is the difference between absolute advantage and comparative advantage?

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fernos333 fernos333 · Answer 1 · 2016-11-09T20:34:15+01:00

fernos333 fernos333

09-11-2016

Comparative advantage refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another.Hope you like:)

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driadoll21 driadoll21 · Answer 2 · 2019-10-31T16:12:43+01:00

driadoll21 driadoll21

31-10-2019

Answer: on edge its A ) Comparative advantage measures opportunity cost and absolute advantage measures efficiency.

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