Examlex
If you were responsible for marketing communications at a company that manufactures office supplies and had to provide product literature to be distributed in France, you would be wise to use ________, whereby you have someone translate your literature from American English into French, and then have someone else in France translate the French into American English.
Social Costs
The total cost to society, including both private costs borne by individuals and external costs affecting others not directly involved in a transaction.
Circular Flow Model
An economic model depicting how money moves through an economy between producers and consumers, illustrating the interconnectedness of different sectors.
Capital Goods
Long-term assets used by businesses to produce goods and services, such as buildings, machinery, and equipment.
Pierre-Joseph Proudhon
A French socialist philosopher and politician, best known for his declaration that "property is theft" in the context of his critique of the social injustices of his time.
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