A nation's competitiveness depends on the capacity of its industries to <u>innovate and upgrade</u> and thereby maintain its competitive advantage.
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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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Answer:
If I became the minister of government of Nepal,I would mention my responsibility as follows:
Explanation:
- As we can see corruption is the main reason for lack of development of Nepal,I would make the special law for corruption.
- I would develop the facilities in cities as well as most villages.
- Agriculture and industrial development play a very important role in development of country as we can advance our agricultural tools in order to get raw materials, use fast flowing rivers to generate electricity and use them for industrial purposes.
4. Brain drain is the extreme reason behind the lack of development so I would create employment opportunities, so they prefer to work in our own country.
5.I would do equality among all to maintain peace and unity.
A group of people with inherited physical characteristics that differentiate them from another group is considered a race.
Race is defined as "a group of people who share certain distinguishing physical characteristics." More broadly, ethnicities are "large groups of people classified according to common racial, national, tribal, religious, linguistic, or cultural origin or background."
Race and ethnicity sociology frequently interacts with postcolonial theory and other areas of sociology such as stratification and social psychology. Ethnic relations are discussed in political policy terms in terms of either assimilationism or multiculturalism.
Another policy style that was popular in the 1960s and 1970s was anti-racism.
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