Absolute Advantage

The ability of a nation's residents to produce a good or service at a lower cost, measured in resources required to produce the good or service, or the ability to produce more output than other nations from given inputs of resources.

For example suppose there was an economics professor and a maid. Suppose the economics professor worked her way through school by cooking at diners and cooks better than her maid. If she is better at both teaching economics and cooking than her maid, then she has an absolute advantage over her maid.