Examlex
An unusual feature of the Democratic Study Group is that its members are
Specialization
The process of focusing on and becoming an expert in a particular area of work or study, leading to improved efficiency and productivity.
Modern Economy
An economic system characterized by services, information, technology, and advanced industrial production, with a focus on innovation and global trade.
Specialization and Exchange
Refers to the economic practice where individuals or groups focus on a narrow area of production to gain efficiency and trade with others to benefit from each other's expertise.
GATT
General Agreement on Tariffs and Trade, a multilateral agreement aimed at reducing trade barriers and promoting international trade.
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