Competitive Advantage - Oklahoma

Competitive Advantage - Oklahoma

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Competitive Advantage is a theory that has been used to help direct economic development since the 1990's. This page concerns the application of the theory to the economy of the State of Oklahoma with data separated for the Oklahoma City and Tulsa Statistical Metropolitan Areas. The term Competitive Advantage is a concept developed in the mid 1980 by Michael Porter. Porter's theory is an outgrowth of the Law of Comparative Advantage, formulated by David Ricardo at the end of the 18th Century.In the history of Economics, the Law of Comparative advantage was formulated by David Ricardo, member of Parliament, financier and speculator, who was also one of the most influential of the classical economists. A discussion of Comparative Advantage is a discussion of foreign trade and an argument for Laissez-faire political economics. Ricardo's principal concern was how to distribute production in a way that improves real income Ricardo's principles are based on relative advantage and is a precursor to the concept of Economies of scale in Economic development.show more

Product details

  • Paperback | 80 pages
  • 152 x 229 x 5mm | 127g
  • Sess Press
  • United States
  • English
  • black & white illustrations
  • 6135651935
  • 9786135651935