Examlex
Match each definition with the correct word part.
-Trans-
Output Expansion
The increase in the production of goods or services by a firm or economy over time.
Market Entry
The strategy or process of introducing new products or services into an existing or new market.
Market Failures
Situations where markets do not allocate resources efficiently on their own, leading to a loss of economic welfare.
Government Role
The activities undertaken by a government to regulate and administer economic, social, and political affairs.
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