Relative advantage definition

Relative advantage means that the innovation is an improvement of the current idea, technology or practice and this is mostly stated as economic profitability. Is the advantage that the product/ innovation has compared to the former product/innovation big enough to be adopted? However, non-economic factors like quality, satisfaction, environment and social status are considered to have more influence on the diffusion of PV systems [Jager, 2006; Müggenburg et al., 2012; Palit, 2013].
View Source

Examples of Relative advantage in a sentence

  • Relative advantage, profitability, compatibility sustainability, simplicity and predictability were the most preferred criteria in cultivating sugarcane in comparison to other crops.

Related to Relative advantage

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

  • Protective Advance has the meaning assigned to such term in Section 2.04.

  • Protective Advances has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.

  • Class B Prepayment Percentage Any of the Class B-1 Prepayment Percentage, Class B-2 Prepayment Percentage, Class B-3 Prepayment Percentage, Class B-4 Prepayment Percentage, Class B-5 Prepayment Percentage or Class B-6 Prepayment Percentage.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.