Examlex
Bowerman and other constructivist theorists maintain that the important factor in language development is
Absolute Advantage
The ability of an individual, company, or country to produce a good or service at a lower cost per unit than competitors.
Opportunity Cost
The consequence in terms of lost benefits from not selecting the immediate next preferable option when making a choice.
Productivity
The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.
Terms of Trade
The ratio at which a country's exports are exchanged for imports, influencing the level of a country's economic health and prosperity.
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