Examlex
Use the product-to-sum formulas to rewrite the product as a sum or difference.
Comparative Advantage
The ability of a country, individual, company, or region to produce a good or offer a service at a lower opportunity cost than competitors.
Capital
Resources made and used by people to produce and distribute goods and services, including buildings, machinery, tools, and equipment.
Investment
Utilization of resources (such as capital, time, or effort) with the expectation of achieving a future return, often through the acquisition of assets or improvement of productivity.
Inefficiency
The state of not achieving maximum productivity; failing to make the best use of time, resources, or energy.
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