Examlex
In the context of the Solow model,new ideas shift both the production function and the investment function upward.
Western-based Concept
Ideas or theories that originated or are primarily developed in Western cultures, often applied universally despite cultural differences.
Cultural Diversity
Refers to the variety of cultural or ethnic groups within a society, embracing their differences in race, language, religion, traditions, and expressions.
Technological Development
The process of research, innovation, and application of technology or techniques to improve products, processes, or services.
European Union
A political and economic union of 27 European countries that are tied by a common market and numerous regulatory measures.
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