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The New World Was Always Several Thousand Miles West of Europe

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The New World was always several thousand miles west of Europe. The fact that Columbus stumbled across it is an example of which process of social change?


Definitions:

Erosion Costs

The negative financial impact resulting from a new project or investment, particularly affecting existing revenue or assets.

Sunk Costs

Costs that have already been incurred and cannot be recovered or influenced by any decision made now or in the future.

R&D Expenditures

Research and Development expenditures are costs incurred in the process of discovering, developing, and enhancing products, technologies or services.

Engine-Oil Additive

A substance added to engine oil to improve its properties, such as reducing friction, wear, or corrosion, and enhancing performance.

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