Inherent Arbitrage

The law of comparative advantage was first mentioned in 1817 by English economist David Ricardo.

A company has a comparative advantage when it is able to provide a good or service at a lower opportunity cost than others, helping it sell the same product at a lower cost, ...

Locals will tell you it is a mistake only to visit the capital or go down the west coast. The magic is in the east.

Yilan has all the allures of Taipei plus beautiful waterfalls and mountains at a much lower cost. Taiwan's public transportation makes it easy to see unique destinations.

An opportunity cost is the potential ‘alternative’ or benefit that is forfeited when one chooses a particular option.

The other, foregone option, if it is lower than other companies, is the key factor in this trade-off.