Examlex
Which general explanation of poverty focuses on the discrimination and changes in the job market?
Mutually Beneficial
A situation or transaction where all parties involved gain or benefit from the arrangement.
Terms of Trade
The ratio of export prices to import prices. It shows how much import goods a country can buy for each unit of export goods it sells.
Production Possibilities
A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.
Economic Efficiency
Economic efficiency occurs when resources are optimally allocated to serve the needs of a society without any waste.
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