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What is the purpose of the national income and product accounts? Why and how were they established?
International Strategy
A business approach used by companies to expand their operations and market presence across national borders.
National Strategy
A comprehensive plan of action developed by a country to guide decisions and achieve rational outcomes.
Payoff Matrix
A table that shows the potential outcomes or payoffs in a decision-making situation, typically used in game theory to analyze the strategies of different players.
Dominant Strategy
In game theory, a strategy that yields the best outcome for a player, regardless of what the other players do.
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