Home > Terms > Armenian (HY) > միանշանակ առավելություն
միանշանակ առավելություն
This is the simplest yardstick of economic performance. If one person, firm or country can produce more of something with the same amount of effort and resources, they have an absolute advantage over other producers. Being the best at something does not mean that doing that thing is the best way to use your scarce economic resources. The question of what to specialize in--and how to maximize the benefits from international trade--is best decided according to comparative advantage. Both absolute and comparative advantage may change significantly over time.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Industry/Domain: Computer Category: PC peripherals
տպիչ
Հարակից սարքի տեսակ, որը համակարգչային թղթի վրա կամ այլ միջոցների տեղեկատվության կողմից արտադրում է բարդ կրկնօրինակներ:
Contributor
Featured blossaries
Sanket0510
0
Terms
22
Blossaries
25
Followers
Terms that will change the way we live; Internet of Things (IoT)
Category: Technology 2 7 Terms
Browers Terms By Category
- Journalism(537)
- Newspaper(79)
- Investigative journalism(44)
News service(660) Terms
- Hair salons(194)
- Laundry facilities(15)
- Vetinary care(12)
- Death care products(3)
- Gyms(1)
- Portrait photography(1)
Consumer services(226) Terms
- General Finance(7677)
- Funds(1299)
- Commodity exchange(874)
- Private equity(515)
- Accountancy(421)
- Real estate investment(192)
Financial services(11765) Terms
- Christmas(52)
- Easter(33)
- Spring festival(22)
- Thanksgiving(15)
- Spanish festivals(11)
- Halloween(3)
Festivals(140) Terms
- Printers(127)
- Fax machines(71)
- Copiers(48)
- Office supplies(22)
- Scanners(9)
- Projectors(3)