A nation that can produce more of a given product using a given amount of resources than another nation is said to have a absolute advantage. Absolute advantage is an economic term that refers to a party's superior manufacturing capabilities.
It relates specifically to the ability to create a specific good or service at a cheaper cost than another party. Absolute advantage occurs when one country is more efficient than another in producing a product. In other words, it takes fewer resources to provide a finished commodity or service. Brazil, for example, has a distinct advantage in the production of coffee beans.
To learn more about product, click here.
https://brainly.com/question/17661719
#SPJ4
