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Absolute vs comparative advantage. Absolute advantage is the ability with which an increased number of goods and services can be produced and that too at a better quality as compared to competitors whereas comparative advantage signifies the ability to manufacture goods or services at a relatively…

First although a country may be able to have an absolute advantage in producing very good it s not possible for a country to have a comparative advantage in producing every good. While absolute advantage refers to the superior production capabilities of one entity versus another in a single area c…