Examlex
Effective managers make sure that activities are going as planned with the help of control.
Production
The process of translating raw materials or inputs into finished goods or services through the application of labor, tools, and technology.
Specialize
involves focusing on a particular area of production or service in which a person or country holds a comparative advantage, allowing for increased efficiency and output.
Import
The process of importing products or services from foreign countries for the purpose of selling them domestically.
Domestic
Pertaining to or occurring within a country’s borders, often in reference to products produced, services rendered, or economic activities.
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