Answer:
while development activity there is a threat to industry because when there is development there is chance of establishing other industries which directly affects other industries
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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.
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It should be noted that academic discipline of criminology uses scientific methods to study the nature, extent, cause, and control of criminal behavior.
With the help of Criminology the nature, extent, cause, and control of criminal behavior can be studied.
<h3>What is Criminology?</h3>
Criminology can be regarded as the study of all aspects of crime as well as law enforcement.
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