Examlex
If one country has an absolute advantage in every commodity, there is no reason for it to trade.
Common Shareholders
Owners of common shares in a company, entitled to vote at shareholder meetings and receive dividends.
Lowest Terms
The simplest form of a fraction, where the numerator and the denominator are reduced to their smallest values.
Lowest Terms
This term is used in mathematics, particularly fractions, to describe a fraction that has been simplified to its smallest possible numerator and denominator.
Relative Consumption
A measure comparing an individual's or group's consumption levels to another's or to a benchmark, often used to analyze economic well-being or social status.
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