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Shared assumptions,adaptations,perceptions and learning are all aspects of:
Theory of Comparative Advantage
An economic principle stating that countries or entities benefit from specializing in and exporting goods for which they have a lower opportunity cost.
Theory of Economies of Scale
An economic concept that describes how as a firm increases its production scale, the average cost per unit of output decreases, leading to increased efficiency.
International Product Life Cycle
A theory explaining how a product matures and sales change over time on an international scale, impacting production and distribution.
Mercantilism
An economic theory that advocates for a country to export more than it imports to accumulate wealth.
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