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
Izboljšaj
- Besedna vrsta: noun
- Sinonim(-i):
- Blossary:
- Industrija/področje: Economy
- Category: Economics
- Company: The Economist
- Proizvod:
- Akronim/okrajšava:
Ostali jeziki:
Kaj želite sporočiti?
Terms in the News
Featured Terms
բանավոր հմտություններ
skills or abilities in oral speech, ability of speech, fluency in speaking
Sodelavec
Featured blossaries
dnatalia
0
Terms
60
Glosarji
2
Followers
5 Cities With Extremely High Homeless Figures
Kategorija: Other 1 7 Terms
Browers Terms By Category
- Industrial lubricants(657)
- Cranes(413)
- Laser equipment(243)
- Conveyors(185)
- Lathe(62)
- Welding equipment(52)
Industrial machinery(1734) Terms
- Plastic injection molding(392)
- Industrial manufacturing(279)
- Paper production(220)
- Fiberglass(171)
- Contract manufacturing(108)
- Glass(45)
Manufacturing(1257) Terms
- World history(1480)
- Israeli history(1427)
- American history(1149)
- Medieval(467)
- Nazi Germany(442)
- Egyptian history(242)
History(6037) Terms
- General architecture(562)
- Bridges(147)
- Castles(114)
- Landscape design(94)
- Architecture contemporaine(73)
- Skyscrapers(32)
Architecture(1050) Terms
- Nightclub terms(32)
- Bar terms(31)