Brief description of an Economic Moat!
According to Warren Buffet, a well-known investor, this phrase refers to the advantage that makes a company distinctive over its competitors. Economic moat protects a company’s market share and profitability. It is usually a characteristic that cannot be duplicated, like a brand identity or patents. Therefore, an economic moat is an effective barrier to keep competitors away and sustain the dominance of the company.
EconExtra: Economic Impacts of War