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.
References in periodicals archive ?
Fan said that Hong Kong possessed natural advantages that supported settlement and monetary cooperation amongst Belt and Road countries.
PESHAWAR -- Chief Minister Pervez Khattak has said that government has offered the natural advantages of the province to both the foreign and domestic investors for investment.
It builds on the natural advantages of its locations.
Presiding over a meeting here at CM Secretariat, he accepted that the southern districts had multiple, natural advantages but the people of those districts were backward.
Ever since the Victorians discovered the health benefits of seaside resorts, one of the natural advantages for Wales has been the 870 miles of coastline which have become one of the biggest attractions for tourists visiting our country.
ONE of the natural advantages for Wales is the 1,700 miles of coastline which has attracted millions of tourists to our country since the Victorians built their summer resorts in towns such as Pwllheli, Llandudno and Colwyn Bay.
The Palaszczuk Government is actively supporting this broadening of our states economy with our $405 million whole-of-government Advance Queensland initiative designed to create knowledge-based jobs, drive economic prosperity and build on our natural advantages.
He hoped that the province would attract potential investment for its natural advantages.
Beginning with the selection of a building platform that best blended the clients vision and the natural advantages of the site, collaboration continued throughout the design process as the team seized opportunities to blur the line between indoors and out.
It's this committed and flexible workforce that has made the North East so attractive to a host of household names relocating here to take advantage of all these natural advantages.
The report concludes that Mena faces a glowing future in solar technology due its natural advantages of abundant sunshine, a power grid and road network that could support a large solar industry, and governments that understand the value of developing renewable sources as part of their sustainable energy mix.
Indeed, the recent WFES insight report into solar energy development in MENA shows the huge potential for developing a large solar industry in the region due to its natural advantages of abundant sunshine and a strong power grid and road network.