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The demand for a factor of production will be more inelastic
Tangible
Physical or material assets that can be seen, touched, or measured, in contrast to intangible assets like intellectual property or brands.
World Trade Organization
An international organization that regulates international trade, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.
Unethical Conduct
Conduct by individuals or organizations that violates moral or professional norms, often resulting in negative consequences.
Core Competency
A defining skill or advantage that distinguishes an organization from its competitors.
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