Public Goods and Common Resources Essay Example | Topics and Well Written Essays - 250 words

Public Goods and Common Resources - Essay Example Turkey being the sixth largest textile industry in the world is losing its comparative advantage in the textile industry. The country is losing its comparative advantage due to loss of cheap labour advantage. The cost of labour escalates every year. Statistics indicate that the prices are currently five times that of China. Turkish textile industry has a comparative advantage over the Indian textile industry as a result of the wide market available. Its proximity to European countries makes it easy to reach out for consumers (Sugur, 2005). This gives the company advantage in transportation and access to a large market share. The professor may start a marketing firm. With the professor’s vast knowledge in economics, a marketing consultancy firm would be appropriate for him or her. This enables the professor to be an entrepreneur in a field he or she is quite sophisticated. The professor would provide consultancy services to the clients just as he or she taught while teaching in the