Discuss the features on the graph below using a classical perspective on macroeconomics.
Definitions:
Subcontracts
Contracts awarded by a primary contractor to a third party for completing part of the work required in a main contract.
Construction Procurement
The process of acquiring labor, materials, equipment, and services necessary for the construction of a new building or infrastructure.
Make or Buy
A decision-making process involving an analysis on whether to produce a product in-house or to purchase it from an external supplier.
Core Competencies
Unique abilities or advantages that a company or an individual possesses, setting them apart from competitors and contributing to their success and value.
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