Examlex
Once a particular tolerance level is reached, it is irreversible.
Domestic Supply
The total amount of goods and services that are produced within a country's borders and available for domestic consumption or export.
International Specialization
A method where countries or regions focus on producing goods and services they are most efficient at, to enhance global trade efficiency.
Economies Of Scale
The reduction in cost per unit of goods or services produced as the scale of output increases.
World Price
The international market price of a commodity, determined by global supply and demand conditions.
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