Question

Sentoria is an island nation in the Pacific Ocean. Its geographical location is advantageous since it has access to a variety of aquatic life forms and also a number of freshwater sources that provide for fisheries. The lack of arable land drives local demand for seafood, and Sentoria is one of the world's major exporters of this product. Which theory of international trade best explains Sentoria's dominance as an exporter of seafood?

Answer 1

Theory of national competitive advantage

Explanation:

• The competitive advantages theory suggests that states and organizations should seek after approaches that make great products to sell at significant expenses in the market. Watchman stresses profitability development as the focal point of national procedures. This hypothesis lays in the idea that modest work is universal, and common assets are a bit much for a decent economy. .  
• Competitive advantages occur when an association gets or builds up a property or blend of ascribes that permits it to beat its rivals. These attributes can incorporate access to characteristic assets, for example, high evaluation metals or modest force or access to exceptionally prepared and talented workforce HR. New innovations, for example, mechanical autonomy and data innovation, are either to be incorporated as a piece of the item or to help to make it.
• Hence, the right answer is "theory of national competitive advantage"