Examlex
Managerial skills fall into four basic categories. What are they?
World Output
The total value of goods and services produced across the globe within a specific time frame, often used to measure the economic performance of the global economy.
Self-Sufficient
Refers to an individual, household, or community that has the capacity to fulfill all its needs without external assistance.
Resource Endowments
Resource endowments refer to the natural resources a country has available for use and trade, influencing its economic structure and development potential.
Net Importer
A country or region that imports more goods and services than it exports, resulting in a negative trade balance.
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