A person, company or country has an absolute advantage if its output per unit of input of all goods and services produced is higher than that of another person, company or country.

When comparing investments, returns are one of the metrics you might zero in on. But there are different ways to gauge an investment’s performance. Absolute return measures an investment’s returns ...

A comparative advantage can be something inherent, in the way a person’s height might make them better at basketball. It can also be developed and improved, the way one basketball player can become ...