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.

View in context

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.

Other community, social and personal services

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.

Case & Counter

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.

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.