Examlex
According to the theory of comparative advantage, potential world production is greater with unrestricted free trade than it is with restricted trade.
Manufacturing Facilities
Buildings or complexes where goods are produced on a large scale using machinery and human labor.
Neoliberalism
An economic and political ideology advocating for reduced government intervention in the economy, free-market principles, deregulation, and globalization to foster economic growth and efficiency.
Development Strategy
A plan of action designed to achieve specific long-term goals or outcomes, usually related to economic growth or societal improvement.
Industrializing
The process of transforming an economy to be based largely on manufacturing industries rather than agriculture.
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