Examlex
Use the process flow diagram to determine which of these events has the greatest net benefit.
Efficient Flow
The optimized movement of goods, information, and financial resources through a supply chain, aiming to reduce costs and improve speed without sacrificing quality.
Factor Endowment Theory
An economic theory that suggests a country's trade patterns are primarily determined by its factor endowments, such as land, labor, and capital, rather than its productivity levels.
Production Factors
Production factors, also known as factors of production, are the inputs needed for the creation of a good or service, usually categorized into land, labor, capital, and entrepreneurship.
Exports
Goods or services produced in one country and sold to buyers in another, contributing to international trade.
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