Examlex
Which of the following factors contribute to the increased speed of trade across countries? I. profit opportunities for sellers II. better transportation networks III. increased cooperation among countries
Economic Resources
The inputs used to produce goods and services, including natural resources, labor, and capital.
Consumption
The use of goods and services by households, constituting one of the primary components of GDP.
Price Mechanism
The manner in which the prices of goods or services affect the supply and demand of goods and services.
Capitalist Economies
Economic systems where capital assets are privately owned, and the production and distribution of goods and services are determined by competition in a free market.
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