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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<span>In American politics, a "single-issue interest group" means an organization that is (or claims to be) devoted exclusively to advocating one particular position on one particular policy issue. An "organization" might be a non-profit or a non-governmental organization (NGO), or a labor union, or a trade association, or a concerned citizens' group. Single-issue groups usually claim to be non-partisan (i.e., they support initiatives regardless of whether Democrats or Republicans advance them).
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Environmental education can help prevent or mitigate environmental human health problems by providing the public with information on die causes of environmental pollution, how pollutants may affect health, how to assess real versus exaggerated risks, and how to make informed and responsible decisions that prevent.
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