Examlex
Which of the following communities illustrate a bottom-up approach of community development?
Opportunity Cost
The forfeiting of possible gains that could be obtained from exploring other options, when one is chosen.
Absolute Advantage
The capacity for a nation, person, corporation, or area to manufacture a product or render a service at a more affordable per-unit expense than what any other party can achieve.
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost than other entities, leading to specialized production and trade benefits.
Toy Cars
Small-scale replicas of automobiles, typically designed for play or collection.
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