Examlex
A country has an absolute advantage if it has a monopoly in the production of a specific product or is able to produce it more efficiently than all other nations.
CEOs
Chief Executive Officers, the highest-ranking individuals in a company, responsible for making major corporate decisions, managing operations, and communicating with the board of directors.
United States
A federal republic in North America comprising 50 states, a federal district, and various territories, known for its large economy and influential role in global affairs.
Japan
An island nation in East Asia, known for its rich cultural heritage, technological innovation, and significant economic power.
Economies of Scale
Cost advantages achieved when an enterprise increases production and efficiency, reducing the cost per unit.
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