Examlex
Air pollution is a greater cause of chronic obstructive lung disease (COLD) than is cigarette smoking.
Absolute Advantage
Absolute advantage refers to an individual's, firm's, or country's ability to produce more of a good or service than competitors, using the same amount of resources.
Technology
The application of scientific knowledge for practical purposes, especially in industry.
Increasing Returns
A situation in economics where an increase in the scale of production leads to a more than proportionate increase in output, often due to efficiencies gained.
Trade Pattern
The general flow of import and export transactions between countries or regions.
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