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Subsidy
Financial assistance granted by the government or a public body to support businesses, reduce costs, and encourage economic activities.
Domestic Firms
Companies that operate primarily within the country of their incorporation, focusing on serving the local market.
Inefficient
Lacking in effectiveness or productivity, resulting in wasted resources or effort without achieving the desired output.
Economies Of Scale
Cost advantages reaped by companies when production becomes efficient, as the scale of operation increases, leading to a lower cost per unit.
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