favorable position vs advantage

favorable position and advantage both are nouns.

Word	Noun	Adjective	Verb	Adverb
favorable position	Yes	No	No	No
advantage	Yes	No	Yes	No

As nouns, advantage is a hypernym of favorable position; that is, advantage is a word with a broader meaning than favorable position:

Other hypernyms of favorable position include vantage.

favorable position (noun)	advantage (noun)
the quality of being at a competitive advantage	the quality of having a superior or more favorable position
	benefit resulting from some event or action
	(tennis) first point scored after deuce

favorable position (verb)	advantage (verb)
	give an advantage to