Aerobic vs. Anaerobic. To understand the relationship between weights and calories, you need to know the difference between aerobic and anaerobic exercise. Sustained aerobic exercise, like steady jogging or cycling, is low intensity and can thus be done for a longer period of time.
absolute advantage. In the theory of international trade, a country or firm has an absolute advantage if it can produce a product (good or service) more 'efficiently' (cheaply) than others. First suggested by the UK economist Adam Smith (1723-90) as an extension of his division of labor doctrine. See also absolute cost advantage and competitive advantage.
Economics A-Z terms beginning with A. Absolute advantage This is the simplest yardstick of economic performance. If one person, firm or country can produce more of something with the same amount of effort and resources, they have an absolute advantage over other producers. Being the best at something does not mean that doing that thing is the best way to use your scarce economic resources.