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In economics, the principle of absolute advantage is the ability of a party (an individual, or firm, or country) to produce a good or service more efficiently than its competitors. [ 1][ 2] The Scottish economist Adam Smith first described the principle of absolute advantage in the context of international trade in 1776, using labor as the only ...
Kaufman has tried to compare White's first-move advantage with various positional or material advantages by having engines play games from modified versions of the opening position: he concludes that "if we define 1.00 as the advantage of a clean extra pawn in the opening with all other factors being equal, it takes above a 0.70 advantage in ...
The Urdu Wikipedia (Urdu: اردو ویکیپیڈیا), started in January 2004, is the Standard Urdu-language edition of Wikipedia, a free, open-content encyclopedia. [1] [2] As of 19 August 2024, it has 209,278 articles, 183,465 registered users and 12,672 files, and it is the 54th largest edition of Wikipedia by article count, and ranks 20th in terms of depth among Wikipedias with over ...
Heterozygote advantage is a major underlying mechanism for heterosis, or "hybrid vigor", which is the improved or increased function of any biological quality in a hybrid offspring. Previous research, comparing measures of dominance, overdominance and epistasis (mostly in plants), found that the majority of cases of heterozygote advantage were ...
Vibrating-sample magnetometer. VSM schematic. VSM setup. A vibrating-sample magnetometer (VSM) (also referred to as a Foner magnetometer) is a scientific instrument that measures magnetic properties based on Faraday’s Law of Induction. Simon Foner at MIT Lincoln Laboratory invented VSM in 1955 and reported it in 1959. [ 1]
In marketing strategy, first-mover advantage ( FMA) is the competitive advantage gained by the initial ("first-moving") significant occupant of a market segment. First-mover advantage enables a company or firm to establish strong brand recognition, customer loyalty, and early purchase of resources before other competitors enter the market segment.
Islamization of knowledge. v. t. e. Islamic economics ( Arabic: الاقتصاد الإسلامي) refers to the knowledge of economics or economic activities and processes in terms of Islamic principles and teachings. [ 1] Islam has a set of special moral norms and values about individual and social economic behavior.
The backward advantage[ 2] ( simplified Chinese: 后发优势; traditional Chinese: 後發優勢 ), or the ' advantage of backwardness', [ 3] also known as latecomer's advantage, [ 4] is a notion first formulated by the Russian-American economist Alexander Gerschenkron [ 5] in 1952. [ 6] However, there is one who argues that it was the American ...