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Relative velocity: A plane has an eastward heading at a speed of 156 m/s (relative to the air) . A 20.0 m/s wind is blowing southward while the plane is flying. The velocity of the plane relative to the ground is
Efficiency
The optimal use of resources to achieve the desired ends with minimum waste or effort.
Equity
The concept of fairness or justice within the economy that deals with the distribution of wealth and resources.
Trade
The exchange of goods, services, or both within and between countries.
Specialize
To focus on a particular area of production or work, allowing for increased efficiency and expertise in that area.
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