Examlex
Irrelevant costs generally include
Domestic Production
The manufacture of goods within a country’s borders as opposed to importing goods from other countries.
Domestic Price
The price of goods or services within a country's borders, differing from global or international prices due to factors like tariffs, taxes, and demand-supply dynamics in the local market.
Free Trade
An economic policy that allows imports and exports between countries with minimal or no barriers to trade.
Domestic Consumption
The total demand for goods and services within a country, excluding those goods and services that are exported.
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