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.
Definitions: Absolute and Comparative Advantage. The basis for trade in the Ricardian model is differences in technology between countries. Below we define two different ways to describe technology differences. The first method, called absolute advantage, is the way most people understand technology differences.