### asset | advantage:

Comparative advantage
* is also concerned with productivity
  - determined by the relative levels of autarky prices
* is the ability to perform a given task at a lower cost
  - an activity at a zero opportunity cost
  - basis for specialization and trade between countries
  - what determines whether it pays to produce a good or import it
+ Ricardian model: Economics models
  * The 'Ricardian model' is a model used in economics, named after David Ricardo. It is an easy way to explain trade between two countries, and the resulting gains. The model only uses workforce productivity to explain differences in international trade. Comparative advantages result from the difference of a single econmomic factor, that is labor. Workforces in different countries have different levels of productivity, and the resulting opportunity costs are different. In this regard, Ricardo used the ideas of Adam Smith regarding Absolute advantage, and devleoped them further. The model is described in Ricardo's main work, On the Principles of Political Economy and Taxation, published in 1817.

Competitive advantage
* is all about doing things faster and smarter than everyone else
  - rooted in information, the fuel and measure of the Internet economy
  - the watchword of any successful organization
* means producing products with more value or with less cost incurred.

### asset | advantage:

Good
* Some goods emit gases
  - greenhouse gases
* are more valuable in quantity, since their value is multiplied by the number held
  - objects that can satisfy people's wants
  - physically tangible things such as food, shoes, cars and houses
  - property that is tangible and moveable
  - scarce because land, labor, machinery, and other productive resources are scarce
* are tangible commodities or merchandise having intrinsic value
  - objects desired by consumers and supplied by producers
  - products that are used by consumers or producers
* are things like clothing, a car or TV, or food
  - people can touch and feel such as groceries, toys, and computers
  - that people make or grow
  - used productively and prevented from becoming litter and garbage
* can be informational, in production, consumption or both.
* have a physical existence.
* is advantage
  - morality
  - quality
* mean tangible things such as equipment, furniture and clothing etc.
* produced for trade are also Economic goods.
* transported by rail are the tonnage of goods transported times kilometers traveled.
+ Good (philosophy), Absolute and relative goods: Philosophy
  * Goods can be absolute or relative. A relative good is something that is good because people say it is good. An absolute good is something that is good because of something in itself. It is good even if there is no one around to see it. For example, an economist may say that the Mona Lisa is a very valuable economic good because it can be sold for a lot of money. A philosopher may say that the painting is good because of how it is painted.

### asset | advantage | good:

Baked good
* Many baked goods are high in fat because of shortening.
* made with rye flour have a distinctive flavor.
* offer a great vehicle for the health benefits of functional foods.
* rise more and lose more moisture when cooked in the microwave.
+ Baking
  * Baked goods are sold at a bakery. A person who makes baked goods as a job is called a baker. It is also used for making baked potatoes, baked apples, baked beans, some  and pasta dishes such as , and various other foods, such as the pretzel.

Canned good
* can actually be more nutritious than fresh foods.
* have a normal shelf life of one year for maximum freshness
  - shelf-life of one year for maximum freshness
  - long shelf lives
* is located in pantries.