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Q: Is absolute advantage the source of the potential gains from specialization and trade?
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What are the sources of the firm's market power?

The source of a firm's market power is its competitive advantage. When a business has a competitive advantage they can use that to make significant changes in the industry.


What is spillover?

An economic advantage coming from an unpredicted source that allows a firm to benifit from it, also called an externality.


What is the difference between core competency and competitive advantage?

core competence is one which critically underpins the organisation's competitive advantage. Companies can differentiate themselves from their competitors with specific core competencies, but often not for long. The differentiation is difficult to sustain and can often be imitated by competitors. Whilst a core competence is a source of competitive advantage, not all competitive advantages arise from core competencies.


What are the advantages of road tolls?

Road tolls provide a steady source of income for governments to maintain the conditions of roads. I am sure there is more than one advantage, this is just one of them.


Why agriculture is consider as the back bone of the Philippine economy?

Agriculture is important because it is the source of food (the major component of household expenditure in the Philippines) for the economy. Aside from that, it is the source of foreign exchange, the number of laborers that can be absorbed , the source of raw materials for manufacturing and related industries, and a potential market for products of other economic sectors. To read more on this topic, google... * bit(dot)ly/1AzpggJ * (without asterisks and change the (dot) to its symbol)

Related questions

What is the Shinto source of authority?

Shinto has no absolute source of authority.


What advantage's does wind source have?

D


What is the advantage of sole source agreement?

A sole source agreement can provide a more streamlined procurement process by eliminating the need for competitive bidding, which can save time and resources. It can also foster a closer relationship with the supplier and potentially lead to better quality products or services.


What is the source that maintains a constant value of potential energy in its terminal?

Ideal Source


Is potential energy a renewable source?

no it is not. i think...


Why is potential energy not the main source of energy?

no


What effect does the planet have on gravitational potential energy?

The planet IS the source of gravitational (potential) energy.


What is a advantage of solar power as a source of electricity?

It uses a free energy source that will not run out.


What is an advantage of solar power as a source of electricity?

It uses a free energy source that will not run out.


What is advantage a primary source has over a secondary source?

a primary source offers a firsthand account of an event. (apex)


What is an advantage a primary source has over a secondary source?

a primary source offers a firsthand account of an event. (apex)


What part in a circuit that produces potential difference?

The potential difference is provided by the power source, which can be a battery or some form of electric generator. Inside the source, electric charges are raised up a potential gradient, and they then give up their energy as they travel down the potential gradient in the circuit that is being supplied with energy.