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A-level AQA Economics Key Terms and Definitions | Strategies Review of Key Quizzes & Correct Answers.
NewA-level AQA Economics Key Terms and Definitions | Strategies Review of Key Quizzes & Correct Answers. 
 
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Abnormal profit - 
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Also known as supernormal or economic profit this is producer surplus i.e. the profit above normal profit. 
 
 
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Absolute advantage - 
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Where a country is able to produce more of a good than other countries with the same resources. 
 
 
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Absolute poverty - 
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