A person, company or country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that of another person, company or country.
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Comparative advantage
Comparative advantage Theory suggesting that specialization by countries can increase worldwide production.
Distribution Cost Advantage
Distribution Cost Advantage A source of competitive advantage that depends on the efficient delivery of
a product or service to customers.
Location specific advantages
Location specific advantages Advantages (natural and created) that are available only or primarily in a particular place.