Examlex
What is the distinction between external and internal economies and diseconomies of scale in an industry?
Implied
Not directly expressed or stated but understood in the context of the situation or agreement.
Sabbath Laws
Laws prohibiting the performance of certain activities on Sundays.
Implied Ratification
The act of accepting and endorsing previous actions or decisions unofficially or through indirect conduct, even without formal approval.
Age of Majority
The legally defined age at which an individual is considered an adult and responsible for their actions.
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