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In China's steel industry, their main source of competitive advantage is due not to cheap labor, but rather massive government energy ____________________.
Present Value
The now-value of a prospective sum of money or cash flow sequence, according to a certain rate of return.
Rate of Return
The financial outcome, either positive or negative, of an investment within a set period, delineated as a proportion of the investment’s initial outlay.
Interest Rate
The percentage charged on a loan or paid on deposits over a period of time, often annually.
Future Value
The estimated value of an investment at a specific future date, considering factors like interest rates or returns over time.
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