Describe and Explain the Factors That Produce and Redistribute Variation

question 51

Essay

Describe and explain the factors that produce and redistribute variation.

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Definitions:

Little or No Investment

Situations or ventures that require minimal to no financial outlay to start or maintain.

Exchange Controls

Governmental restrictions on the trade of currencies and the movement of capital across countries, aiming to stabilize economies.

Exporters

Individuals or companies that sell goods or services produced in one country to buyers in other countries.