Business Studies, asked by divyeshp5155, 11 months ago

Absolute advantage theory in international business

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Answered by vinay7860
3

Here is your answer.

The absolute point of view was advocated in physics by Isaac Newton. An absolute theory is the opposite of a relational theory.

Absolute advantage is the ability of an individual, company, region or country to produce a good or service at a lower cost per unit than another entity that produces the same good or service.

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