Examlex
Economic growth alone is an adequate yardstick for a country's level of development.
Standardized
Conforming to a uniform style, size, or quality, often to facilitate compatibility and interoperability among various products or processes.
Innovating Company
A company that introduces new ideas, products, or methods to improve or transform its business operations.
Absolute Advantage
The ability of a country to produce a specific good or service more efficiently than any rival.
Opportunity Cost
The cost of the next best alternative that is foregone when making a decision.
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