Examlex
A reduction in _______ leads to a _______ , shifting each firm's _______ curve _______ .
World Trade Organization
An international organization designed to facilitate and regulate international trade by providing a forum for negotiations and dispute resolution.
Developing Nation
A term used to describe a country with a relatively low level of industrial and economic development.
Economies of Scale
Cost advantages that entities obtain due to their scale of operation, leading to a reduction in per-unit cost as production increases.
Nation-State
An independent political unit with specific boundaries, a stable population, governance structures, and the ability to engage in diplomatic relations with other political entities.
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