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Alinara [238K]
1 year ago
13

A nation's competitiveness depends on the capacity of its industries to ____ and thereby maintain its competitive advantage.

Social Studies
1 answer:
jarptica [38.1K]1 year ago
3 0

A nation's competitiveness depends on the capacity of its industries to <u>innovate and upgrade</u> and thereby maintain its competitive advantage.

<h3>What is competitive advantage?</h3>
  • A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a ccompetitive advantage.
  • These elements enable the producing unit to outperform its competitors in terms of sales or margins. Cost structure, branding, the standard of the product offers, the distribution system, intellectual property, and customer service are just a few examples of the variables that are thought to contribute to competitive advantages.
  • Comparative and differentiated advantages are two types of competitive advantages.
  • A corporation has a comparative advantage if it can create a product more effectively than a competitor, which increases profit margins.
  • When a company's products are regarded as both distinctive and of greater quality than those of a competitor, this is known as having a differential advantage.

To learn more about competitive advantage with the given link

brainly.com/question/15095207

#SPJ4

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Answer:

Explanation:

Many of us see “limited government” as equivalent to “small government.” We may also believe that implicit in the idea of limited government is that the government should have limited ability to regulate industry or the “free market.” But the true definition of limited government has a lot more to do with the Constitution than it does with the free market.

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2 years ago
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Why did the colonists in South Carolina appoint a general committe of 99 and 1774
bagirrra123 [75]

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The committee of 99 was created as a response of the colonists against the lack of representation that the colony had in America. They wanted to formally declare the shift that the colonists were making from the British Government and to start  governing themselves.


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3 years ago
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White raven [17]
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