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The lifestyles that Kierkegaard described included one he termed
Economies Of Scale
Cost advantages reaped by companies when production becomes efficient, leading to a decrease in the per unit cost as output increases.
Trade Sector
The segment of the economy that involves the exchange of goods and services across borders.
Exports Plus Imports
The total value of all goods and services a country sells to and buys from other countries; a measure of a country's international trade.
Comparative Advantage
The capability of a nation, person, corporation, or area to create a product or service at a reduced opportunity cost compared to its rivals.
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