Question 1) What is Blue Ocean Strategy?

Question 1) What is Blue Ocean Strategy? (Our textbook page 524;  or visit this Youtube channel and find out more examples of Blue Ocean strategy: https://www.youtube.com/c/blueoceanstrategy (Links to an external site.)) Give an example of your own, and comment on whether or not it can be applied to your own

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Question 2) People and countries trade in order to maximize their utilities and in order to diversify their options and choices. The question is, why do some countries produce and trade commodity “A” while other countries produce and trade commodity “B”? What makes one country “better” at producing certain commodity than other countries?

Share examples from around the world related to trade and be creative 🙂