Section 1
The Drive for International Trade
Book
Version 6
By Boundless
By Boundless
Boundless Business
Business
by Boundless
3 concepts
![Thumbnail](../../../../../../figures.boundless-cdn.com/15105/square/competitiveadvantage2.jpg)
Competitive Advantage
Competitive advantage is defined as the strategic advantage one business entity has over its rival entities within its competitive industry.
![Thumbnail](../../../../../../figures.boundless-cdn.com/16170/raw/efta-logo.jpg)
Absolute Advantage and the Balance of Trade
Absolute advantage and balance of trade are two important aspects of international trade that affect countries and organizations.
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Importing and Exporting
Nations export products for which they have a competitive advantage in order to import products for which they lack a competitive advantage.