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After running a small restaurant for two years,Pam and Jim realized that a greater opportunity existed in food distribution.They hired family members to run the restaurant while they focused their energy on starting a food distribution company.This is an example of the
Industrial Output
The total value of the goods and services produced by a country's industrial sector.
Insufficient Capital
Insufficient Capital refers to a situation where an individual or entity lacks the necessary financial resources or funding to support its operations, investments, or growth plans.
Economic Growth
An increase in the total output of an economy. Growth occurs when a society acquires new resources or when it learns to produce more using existing resources.
Free Trade
The unrestricted purchase and sale of goods and services between countries without the imposition of constraints such as tariffs, duties and quotas.
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