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What does first-mover mean?

Looking for the meaning or definition of the word first-mover? Here's what it means.

Noun
  1. attributive form of first mover
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Examples
As increased globalization created greater competition, strategic alliances have also grown, especially in the first-mover domains of new product and technology creation.
Virginia colliers shipped their coal up and down the eastern seaboard, and enjoyed a first-mover advantage so critical to the success of young industries.

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