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Locational advantage |
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Locational advantageAny reason for a firm to locate production, or a stage of production, in a particular place, such as availability of a natural resource, transport cost, or barriers to trade. May explain why a country's firms succeed in trade, or why a multinational firm locates there.Similar MatchesLocational arbitrageLocational arbitrageAttempt to exploit discrepancies in exchange rates between banks. Allocational efficiencyAllocational efficiencyThe effectiveness with which a market channels capital toward its most productive uses. |
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