Competitive advantage

Updated: Aug 20, 2021

An advantage a firm possesses over its competitors There are numerous sources of competitive advantage, including more efficien production techniques, brand image, consumer loyalty, and location. Possession of a competitive advantage should deliver a firm a higher level of profit than obtained by its rivals.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.