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].
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.