| 词汇 | absolute-advantage |
| 释义 | absolute advantage noun[ C or U ] ukus ECONOMICS an advantage a country has because it can produce a particular type of product more cheaply than another country: China has an absolute advantage over Japan in toy production. Compare comparative advantage Examples of absolute advantageabsolute advantage Some games use a system of character levels, where higher-level characters hold an absoluteadvantage over those of lower level. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Even if one country has an absoluteadvantage in the production of all goods, both nations can benefit from trade due to comparative advantage. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. While there are possible gains from trade with absoluteadvantage, comparative advantage extends the range of possible mutually beneficial exchanges. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Developing countries have an absoluteadvantage in textile production because it is labor-intensive and they have low labor costs. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. While there are possible gains from trade with absoluteadvantage, the gains may not be mutually beneficial. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. This theory expanded on the concept of absoluteadvantage which does not advocate specialization and international trade in all cases. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Absoluteadvantage meant greater efficiency in production, or the use of less labor factor in production. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. This allows for countries to benefit from trade even when they do not have an absoluteadvantage in any area of production. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The concept of absoluteadvantage however does not address a situation where a country has no advantage in the production of a particular good or type of good. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Given the possibility of technology transfer in this sector, absoluteadvantage matters (whereas in classic trade models comparative advantage alone matters). 12. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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