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Competitive advantage is an advantage of an entity over other entity in a business or market. This edge of one entity over other may occur due to many reasons like having efficient technology , low cost resources/inputs,first mover advantage and special treatment by legal entities.
In the long run the competition advantage cant be hold because the others firms will enter the market until the advantage is reduced to 0.
GDP is Gross Domestic Product which is the market value of the goods final goods produced in a country in an year whereas GNP is Gross National Product which is the GDP+ net income from foreign investments.
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