Acquired Advantage

Acquired Advantage

The ability for an economic actor to produce a good or service with fewer resources using knowledge or skills that are acquired over time. For example, if Town A has more electrical engineers or a better engineering school than Town B, Town A may have an acquired advantage in the production of electrical circuits, even if all other resources are the same. See also: comparative advantage, absolute advantage, location-specific advantage.
References in classic literature ?
In Tierra del Fuego, until some chief shall arise with power sufficient to secure any acquired advantage, such as the domesticated animals, it seems scarcely possible that the political state of the country can be improved.
The contractor shall acquire further advantage donors for the owner of the NE Family Pass and the acquired advantage donors (including the already acquired before the entry into force of the Treaty advantage donors) to look after so that they continue to be maintained as an advantage donors.
a provider of information on employment, travel, fashion and schooling, said it has acquired Advantage Resourcing America Inc.
MINNEAPOLIS -- ALTOUR - one of the largest and most respected independent travel agencies - has acquired Advantage Travel & Incentives, Inc.
Nasdaq/NM:PSSI) announced today that its Long-term Care business, Gulf South Medical Supply (GSMS), has acquired Advantage Medical Products, LLC, a medical supplies and equipment distributor to the Long-term care industry, based in Louisiana.
On December 11, 1996, the Company acquired Advantage Staffing, a commercial staffing firm with offices in Spartanburg and Greer, South Carolina.
OTC BB:ATCHA), a leading provider of comprehensive medical staffing for hospitals, nursing homes and healthcare organizations, today announced that in line with its national growth initiatives, the Company acquired Advantage Healthcare Personnel, Inc.
In March, HEALTHSOUTH acquired Advantage Health Corporation, which united us with the largest rehabilitation provider in the Northeast.
The package also allows the flexibility to share the acquired advantages in the basic Raqi package with one of the three lines, whether data, additional calling minutes or SMSs.