What are the two steps a producer can take to gain an absolute advantage?

Asked by maham237 @ in Business viewed by 417 People

1.Produce more goods.
2.Use high-quality resources.
3.Produce more expensive goods.
4.Use fewer resources.
5.Produce high-quality goods.
6.Use local resources.

Answered by maham237 @


Answer : Option 1) Produce more goods; and Option 4) Use fewer resources

Explanation : For any producer the steps for gaining absolute advantage will remain the same. The person can focus on more production of the goods of interest, by utilizing very few resources readily available at their end.


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