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. |
The Commission's objective was to foster comparative not absolute advantage. |
The comrade who does not play billiards will, sooner or later, get an absolute advantage over you. |
Everyone knows that on the Internet, the United States wields absolute advantage and control. |
However, as David Ricardo famously demonstrated, specialization and trade can benefit even a country that has an absolute advantage in all industries. |
If absolute advantage rules, capitalism itself will redistribute income and wealth from rich countries to poor ones. |