acquired advantage

acquired advantage definition - business

acquired advantage

The theory that a cost advantage in producing goods and services can be achieved through improvements in knowledge and technology in addition to natural resources. See also absolute advantage, comparative advantage.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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