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.
Comparative advantage occurs when one country can produce a good or service at a lower opportunity cost than another. This means a country can produce a good relatively cheaper than other countries.The theory of comparative advantage states that if countries specialise in producing goods where they have a lower opportunity cost â then there will be an increase in economic welfare.Note this is different to absolute advantage which looks at the monetary cost of producing a good.his means a country can produce a good relatively cheaper than other countries. The theory of comparative advantage states that if countries specialise in producing goods where they have a lower opportunity cost â then there will be an increase in economic welfare.