principle of absolute advantage

English - English

Definition of principle of absolute advantage in English English dictionary

(Ekonomi) In economics, principle of absolute advantage refers to the ability of a party (an individual, or firm, or country) to produce more of a good or service than competitors, using the same amount of resources

Hyphenation

Prin·ci·ple of Ab·so·lute ad·van·tage

Turkish pronunciation

prînsıpıl ıv äbsılut ädväntîc

Pronunciation

/ˈprənsəpəl əv ˈabsəˌlo͞ot adˈvantəʤ/ /ˈprɪnsəpəl əv ˈæbsəˌluːt ædˈvæntɪʤ/