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Weizhe is a surgeon who spends two weeks every summer traveling to remote areas and donating his skills to hospitals in need. From an economic standpoint, utility is gained by:
First-Mover Advantage
The advantage in competition acquired by the first major player in a market niche.
Market Niche
A specific segment of the market on which a business focuses its products or services, often defined by unique customer needs or preferences.
Competitors
Entities that vie for the same customers or market share in a particular industry, often driving innovation and customer choice.
Self-Management
The ability of an individual to manage their own goals, behavior, and resources effectively without the need for external control or supervision.
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