Examlex
Which of the following is NOT part of the expenditure approach to measuring GDP?
Direct Competition
Companies or products that offer the same or very similar goods or services to the same customer or market base.
Economic Force
An element that influences the direction of an economy, potentially affecting business operations and profitability.
Direct Competition
Occurs when businesses offer products or services that are exactly or very similar to each other, serving the same customers in the same market.
Substitute Competition
The competitive dynamic that occurs between products or services that can serve as replacements for each other.
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