Examlex
An important insight by Adam Smith,which was more fully developed over the next century,is that in a free market the resources available to a nation are organized so as to produce the goods and services that people want with the least possible amount of resources.This concept is known in economics as
Global Perspective
The understanding and consideration of diverse cultures, economies, and geopolitical factors in decision-making and strategy formulation on an international scale.
SADC
Southern African Development Community, a regional organization aimed at economic integration and development in Southern Africa.
Southeast Asia
A geographic region located to the south of China and to the east of India, known for its diverse cultures, languages, and economies.
Sustainable Development
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs, emphasizing environmental conservation, social equity, and economic growth.
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