Examlex
The kinked-demand curve model applies to a noncollusive oligopoly situation.
Industrial Country
A nation with a significant portion of its economy based on manufacturing and industry, often characterized by a high standard of living and advanced technological infrastructure.
Developing Nation
A country with a less developed industrial base and a lower Human Development Index relative to other countries.
Emigrate
To leave one's country of origin to live permanently in another country.
Wage Rate Disparities
The differences in wages paid to workers in different occupations, industries, regions, or demographic groups, often reflecting inequalities.
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