advantage — ad‧van‧tage [ədˈvɑːntɪdʒ ǁ ədˈvæn ] noun [countable, uncountable] something that helps you to be better or more successful than others: • America s lead in aerospace is one of its most important competitive advantages. • Government subsidies give … Financial and business terms
Absolute advantage — The principle of comparative advantage , generally attributed to David Ricardo in his 1817 Principles of Political Economy and Taxation extends the range of possible mutually beneficial exchanges. It is not necessary to have an absolute advantage … Wikipedia
Absolute Advantage — The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service. Entities with absolute advantages can produce something using a… … Investment dictionary
Comparative advantage — Economics … Wikipedia
barriers to entry — Factors that prevent competitors from entering a particular market. These factors may be innocent, e. g. an absolute cost advantage on the part of the firm that dominates the market, or deliberate, such as high spending on advertising to make it… … Big dictionary of business and management
strategic asset — A source of competitive advantage derived from factors outside a firm rather than from its own competence. Such sources could include proximity to raw materials and government policy on the exchange rates. See also absolute cost advantage … Big dictionary of business and management
David Ricardo — Classical economics Born 19 April 1772(1772 04 19) Died … Wikipedia
turbine — /terr bin, buyn/, n. any of various machines having a rotor, usually with vanes or blades, driven by the pressure, momentum, or reactive thrust of a moving fluid, as steam, water, hot gases, or air, either occurring in the form of free jets or as … Universalium
Purchasing power parity — GDP per capita adjusted for Purchasing Power Parity (PPP) in the world, 2009 … Wikipedia
Porter 5 forces analysis — Porter s 5 forces analysis is a framework for the industry analysis and business strategy development developed by Michael E. Porter of Harvard Business School in 1979 . It uses concepts developed in Industrial Organization (IO) economics to… … Wikipedia
