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Explanation:
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Supporting them means giving the innovation economy a better chance to find solutions. Startups disrupt, transform and better old ideas and create new ones. By doing so they create new markets and opportunities which in turn create more jobs and improve people's lives.
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The most common pattern for marginal utility is Diminishing marginal utility.
<h3>What is Diminishing marginal utility?</h3>
Diminishing marginal utility can be regarded as a phenomenon which is a pattern of marginal utility and explains that each additional unit of gain brings about subjective value been increased.
For instance, when you eat more three candy, is more better than two but having 30 doesn't bring more experience.
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A company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.
<h3>What is differentiation?</h3>
This is a process whereby organizations ensure that their product are recognized in the market space. The aim is to distinguish a company's product from competitors.
Hence, a company's value-creating activities can offer a competitive advantage by contributing to greater efficiency and lower costs and provide a basis for differentiation.
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