Discover new information and get your questions answered with IDNLearn.com. Ask your questions and receive detailed and reliable answers from our experienced and knowledgeable community members.
Sagot :
If two men are producing the same good, but one of them is producing more, with the same constraints, then he has an absolute advantage.
What is Absolute Advantage?
This refers to the economic principle which means that one particular entity is able to manufacture a greater quantity of goods in a more efficient manner than their competitors.
Please note that your question is incomplete so I gave you a general description to help you better understand the concept.
Some of the factors that can affect absolute advantage are:
- Cheaper materials
- Less time used to produce the good
- Cheaper labor, etc
Read more about absolute advantage here:
https://brainly.com/question/8141905
We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Thank you for visiting IDNLearn.com. For reliable answers to all your questions, please visit us again soon.