Secondly, it may enhance the state's welfare to support the cultivation of certain food groups for which Hawai'i has a comparative advantage in production and taste preference and which are substitutes for products that require a large volume of imports.
Entrepreneurial activities creating local public goods for a community have a comparative advantage over the absolute market-oriented activities.
Muamba (2011) adds that greater market participation will promote the transformation of the farmers' economic status from subsistent or semi-subsistent to specialised farmers where they produce only crops for which they have a comparative advantage.
The standard trade theory argues in favor of liberalizing trade because it allows countries to specialize in the production of goods for which they have a comparative advantage, allows access to foreign markets, gives access to foreign direct investment, and facilitates technology transfer and marketing networks.
More specifically, it can be argued that the development of agro-industry, for those countries with a comparative advantage in this sector, may contribute to achieving the proper balance between agriculture and industry.
The policy direction is to re-initiate grain-marketing reforms and redirect part of the government's resource allocation from cotton and grain staples towards commodities for which China has a comparative advantage, such as horticulture crops, and to promote regional specialization.
Nature-based tourism, for which southern Africa has a comparative advantage, is an important revenue earner for Botswana, only second to minerals which are finite resources under an extractive industry.
In (a), Campus A has a comparative advantage for better-prepared students and an absolute advantage for all students; in (b), Campus A has a comparative advantage for better-prepared students, but Campus B has an absolute advantage for all students with an AI below AI ¯.
If Mr McDonnell were to increase Virginia's fuel taxes by a full nickel a gallon, it would still be lower than those of its neighbours (and hence help it retain a comparative advantage for long-haul drivers deciding where to gas up).Mr McDonnell also proposes assessing drivers of alternative-fuel vehicles a $100 fee.
In struggling to meet the demands of customers and shareholders, an organization may look out for ways that it has a comparative advantage.
