Examlex
According to Kraska (2007) ,what is "an ideology focused on the best means to solve problems"?
Comparative Advantage
An economic theory that describes how entities can gain and benefit from trade if they produce goods and services at a lower opportunity cost than their trade partners.
National Defense
Governmental and military activities aimed at protecting the country and its citizens from external threats and maintaining territorial integrity.
Infant Industries
New or emerging industries in their early stages that may be protected by the government through subsidies or tariffs to help them grow.
Self-Sufficiency
The ability of an individual or economy to provide for all their needs without external assistance.
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