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Advantage |
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AdvantageUsually refers to a cost advantage, though it could refer to a strategic advantage (such as first mover advantage) or to a superiority of technology or quality.Similar MatchesComparative advantageComparative advantageTheory suggesting that specialization by countries can increase worldwide production. Comparative advantageComparative advantageThe ability to produce a good at lower cost, relative to other goods, compared to another country. In a Ricardian model, comparison is of unit labor requirements; more generally it is of relative autarky prices. With perfect competition and undistorted markets, countries tend to export goods in which they have comparative advantage. See also absolute advantage. Due to Ricardo (1815). Net advantage to leasingNet advantage to leasingThe net present value of entering into a lease financing arrangement rather than borrowing the necessary funds and buying the asset. Yield advantageYield advantageThe advantage gained by purchasing convertible securities instead of common stock, which equals the difference between the rates of return of the convertible security and the common shares. Law of Comparative AdvantageLaw of Comparative AdvantageThe principle that, given the freedom to respond to market forces, countries will tend to export goods for which they have comparative advantage and import goods for which they have comparative disadvantage, and that they will experience gains from trade by doing so. Idea due to Ricardo (1815). Further SuggestionsAbsolute advantageProduction Cost Advantage Net advantage to merging Location specific advantages Net advantage of refunding Chain of comparative advantage Absolute advantage Kaleidoscope comparative advantage Competitive advantage Cost advantage First mover advantage Dynamic comparative advantage Locational advantage Revealed comparative advantage Distribution Cost Advantage |
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