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.

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TOKYO - Recruit Co., a provider of information on employment, travel, fashion and schooling, said it has acquired Advantage Resourcing America Inc.

Kyodo Industry Brief (Jan. 4) -2-

Industry NewsFairmount Food Group Acquires Advantage InternationalFairmount Food Group has acquired Advantage International, a move that along with other recent acquisitions that include DCI Cheese Co., Swissrose, Carter Meister, Green Bay Cheese and G&G Foods, makes them one of the largest importers and marketers of specialty and deli-style cheese in the United States, if not the biggest.

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Two years later it acquired Advantage Pharmacy (which had been a retail buying cooperative of the New Jersey Hospital Association and Purchasing Agency).

Neuman a full-service distributor

Two years ago Neuman acquired Advantage Pharmacy, the retail buying cooperative of the New Jersey Hospital Association and Legend Pharmaceuticals Inc., an independent pharmacy cooperative.

Neuman moves up in ranks of drug wholesalers

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.

Mobily offers unlimited Internet roaming service to Raqi package subscribers

Also let us not forget those with inherited or acquired advantages in life, who do not want to embrace equality with people of the same origin, living in the same land.