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 | ||
Area | ||
Definition | An ability to produce more with the same amount of inputs. | |
Related Concepts | ||
