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What is an absolute advantage?

What is an absolute advantage? Here are some definitions.

Noun
  1. (economics) The capability to produce more of a given product using less of a given resource than a competing entity.
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Examples
Many developing countries have an absolute advantage in the price of unskilled labor.
And even if a country were the most efficient in every industry, giving it an absolute advantage in everything, it could not have a comparative advantage in everything.
If absolute advantage rules, capitalism itself will redistribute income and wealth from rich countries to poor ones.
The Commission's objective was to foster comparative not absolute advantage.
However, as David Ricardo famously demonstrated, specialization and trade can benefit even a country that has an absolute advantage in all industries.
The absolute advantage of working on Floating Spread account is 5 digit quotes of high accuracy.

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