Translated version
Absolute advantage
The ability to produce a good using fewer resources (time, materials) than a competitor. For example, if Lithuania produces cheese in 2 hours, and Latvia produces it in 4 hours, Lithuania has an absolute advantage.
Original version
Absoliutus pranašumas
Gebėjimas pagaminti prekę naudojant mažiau išteklių (laiko, medžiagų) nei konkurentas. Pvz., jei Lietuva pagamina sūrį per 2 val., o Latvija – per 4 val., Lietuva turi absoliutų pranašumą.
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