The region that produces the most oranges per acre of land.
The automotive manufacturer that produces the most cars per worker.
The bank that achieves the best return on capital.
The technology company that produces the most valuable intellectual property for each unit of research & development spend.
An artisan at the top of their craft that produces superior quality to all competition.
A completely automated fulfillment center that can provision ecommerce orders cheaper and faster than all other competitors.
A construction firm that can build sustainable buildings at a lower cost and greater level of efficiency than all competitors in a region.
A country that can produce wood at a lower unit cost than all other nations.
|Overview: Absolute Advantage|
An ability to produce more with the same amount of inputs.