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This term is often used to differentiate between comparative advantage
Phil can produce one financial statement while Francis can produce 3 statements. Phil can answer 10 phone calls while Francis can answer 12. Francis has the absolute advantage over Phil.
Self Sufficient people under a market system guided by the prices of products and resources make better decisions. If it is sensible for a person to produce the product for which he has an advantage, it is a lower opportunity cost than another person.
Self Sufficient people are able to provide for oneself without the help of others; able to provide for your own needs independent, having undue confidence, and smug...
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