Natural Advantage

Natural Advantage

The ability for an economic actor to produce a good or service because the resources to do so are physically available. For example, the economy of Nebraska has a natural advantage relative to the economy of Bahrain because it is easier to grow corn in Nebraska. On the other hand, Bahrain has a natural advantage over Nebraska because there are more fish located around Bahrain. See also: Absolute advantage.
References in classic literature ?
Here was a spot where a single man might defy an army, and Bulan had been quick to see the natural advantages of it.
While, in the pursuit of their daring plans of annoyance, the restless enterprise of the French even attempted the distant and difficult gorges of the Alleghany, it may easily be imagined that their proverbial acuteness would not overlook the natural advantages of the district we have just described.
There has always been one point of difference between us, Judge Temple, I may say, since our nativity,” he replied; not that I would insinuate that you are at all answerable for the acts of Nature; for a man is no more to be condemned for the misfortunes of his birth, than he is to be commended for the natural advantages he may possess; but on one point we may be said to have differed from our births, and they, you know, occurred within two days of each other.
Gentlemen,' I say, 'here's all the natural advantages for a great metropolis.
Excessively; but what with the natural advantages of the ground, which pointed out, even to a very young eye, what little remained to be done, and my own consequent resolutions, I had not been of age three months before Everingham was all that it is now.
Were there no natural advantages -- no water privileges, forsooth?
Isabella has not her natural advantages,' replied his wife: 'but she must mind and not grow wild again here.
Badger's mind, in addition to its natural advantages, has had the rare advantage of being formed by two such very distinguished (I will even say illustrious) public men as Captain Swosser of the Royal Navy and Professor Dingo.
As the only area on the West Coast of Britain with CORE (Centre for Renewable Energy) status, this latest development is one of a number of initiatives designed to exploit Wirral's natural advantage in the industry.
They stress interdependence with countries exporting those goods for which they have a natural advantage and importing those goods for which others have a natural advantage.
The natural advantage of CCPF shall not be ignored by purchasers -- 2800 booths with 8 pavilions and 10 supporting activities.
Encourage sectors where Scotland has a natural advantage, like renewables Scottish waters have 25 per cent of Europe's renewable energy potential and our engineers are world leaders in marine energy technologies.