Keyword: specialization
Niche Specialization (1/30/2007)
Niche comparative advantage in location proximity and fast response time could overcome the disadvantage of high wages in the garment industry.
Keywords: Abboud, comparative advantage, fix-it, garment, import, location, niche specialization, outsourcing, productivity, quick response, rapid response, repairs, shipment, shipping, specialization, suit, transportation, wages
Transaction Costs and Market Structure (2/2/2000)
The ubiquitous existence of transactions costs in the real world determines both the institutional structure within which prices are set and the level of prices.
Keywords: comparative advantage, fish market, institution, market, market structure, middleman, middlemen, price determination, specialization, transaction costs