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An advantage is a feature that surpasses the competition
A benefit is how that feature impacts you.
Example: A car gets 60 miles per gallon which is 10 MPG better than it's nearest competitor - that's an Advantage
The benefit to you is lower fuel costs.
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∙ 10y ago
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What is the difference between a disadvantage and an advantage?
Advantage and disadvantage are complete opposites. An advantage is something which is beneficial to an individual. A disadvantage would be not to ones benefit.
What are the principles of comparative and absolute advantage and their relevance in the development of third world countries?
what is the difference between capital and current expenditure what is the difference between capital and current expenditure
Difference between absolute advantage and comparative advantage?
There are many similarities and differences between Comparative Advantage and Absolute Advantage. Some simple differences between the two would be, comparative advantage uses the driving force of specialization. Another thing of comparative are, if one country has an absolute advantage or disadvantage in any kind of output, any of the other countries will maybe profit from majoring in and distributing those products. Absolute advantage has a country that economically has a benefit over another, in a precise moral, when it produces that moral at a lower cost. Also a country using the same contribution of properties a country with an absolute advantage will have superior productivity. A few modest similarities between comparative and absolute advantage are, both of these terms are two basic concepts to international trade. Additional details would be the two terms both produce a product more efficiently which gives them an absolute advantage.
Difference between absolute cost advantage theory and comparative cost advantage theory?
absolute cost advantage talks about the efficiency and cheaply a country incure in the production of goods and services against other country whiles comparative advantage talks about the opotunity cost of goods
What caused increasing difference between wealthy landowners and worker in Jamestown?
The headright system resulted in the wealthy becoming wealthier with no benefit to the workers.
What is the difference between a disadvantage and an advantage?
Advantage and disadvantage are complete opposites. An advantage is something which is beneficial to an individual. A disadvantage would be not to ones benefit.
What is the difference between a risk and a benefit?
a risk is taking a chance and a benefit is benfiting from it
What is a synonym for 'advantage'?
benefit benefit benefit
What is the difference between symbiosis and mutualism?
the difference is is that symbiosis could either be 1 or both organisms benefit but both organisms must benefit for it to be a mutualism.
What is the difference between cost and benefits when referring to an environmental project?
One has to see benefit and cost as opposing terms. For example, a benefit can be any advantage, gain, or profit whereas a cost is the opposite; it can be a disadvantage, a loss, or an expense. Basically, they refer to what the project can get or what it can lose. Hope this helps! :)
What is an optimum conditions?
the balance between benefit and cost with the largest difference.
What is the difference between ima and ama?
Ima is Ideal Mechanical Advantage and Ama is Actual Mechanical Advantage. The difference is that IMA doesn't take into account elasticity or friction and AMA does.
What is the difference between boon and a curse?
A "boon" is a "benefit" or "bonanza"; in this context, a curse is the opposite.
What is the difference between principle legislation and subsidiary legislation?
Advantage of subsidiary
Advantage and disadvantage of windows 98 and windows 95?
difference between window95 and window98?
What is the difference between unlimited nationwide calling advantage 4 and unlimited nationwide calling advantage 3?
it is $2 more on my bill & I did not order it
What are the principles of comparative and absolute advantage and their relevance in the development of third world countries?
what is the difference between capital and current expenditure what is the difference between capital and current expenditure
