Competitive advantage

In economics a competitive advantage is something that allows someone or a company to beat their rivals. This includes:

 Low cost: I have better resources. I can make things at a lower cost. I sell things at a lower price than others.
 Differentiation: The product I create is different, better, or both.
 Focus: The product I create is targeted to a specific person.

 Related pages 
 Comparative advantage

Category:Economics