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Describe and Discuss the Resource-Based Model of Above-Average Returns

question 47

Essay

Describe and discuss the resource-based model of above-average returns.


Definitions:

Productivity Advantage

The benefit gained in output or efficiency when individuals, companies, or countries can produce goods or services at lower costs compared to others.

Digital Technology

Electronic tools, systems, devices, and resources that generate, store, or process data, including computers, mobile devices, and the internet.

Productive Activity

An action or task that generates a valuable output or result, contributing to goals or objectives.

Unanimity

A state or condition of complete agreement or consensus among all members of a particular group or body.

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