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Natural Advantage |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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