What is the difference between absolute advantage and comparative advantage?

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asked Dec 16, 2017 87.1k views

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JanneK · Answer 1 · 2017-12-19T00:06:21+0000

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:)

Ehehhh · Answer 2 · 2017-12-21T06:26:25+0000

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

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What is the difference between absolute advantage and comparative advantage?

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