Examlex
_____ is a process and procedure by which knowledge is gained through experience.
Highly Productive Economies
Economies that are able to produce a significant amount of goods and services per unit of input.
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.
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