Absolute Advantage
Absolute advantage exists when a country can produce a good or service at a lower cost than other countries. The reason could be an abundance of natural resources or raw materials in a country.
Comparative Advantage
Comparative advantages are a situation in which a country specializes in the production of a good or service at which it is relatively more efficient. If a country may be able to produce some stuff better than other countries it would be better for the country to produce that thing by them and buy other things they need but can’t produce.