Examlex
A possible future application of nanotechnology includes disposing of e-waste by rearranging dangerous components at the atomic level into inert substances. _________________________
OPEC
The Organization of the Petroleum Exporting Countries, an international cartel that aims to manage the supply of oil in an effort to set the price of oil on the world market.
Oil Cartel
An association of oil-producing countries that agree to coordinate their oil production to control the price of oil on the global market.
Norway
A country in Northern Europe known for its vast coastlines, fjords, and extensive welfare system.
Economic Efficiency
A condition in which all resources are optimally distributed to serve each individual or entity in the best way while minimizing waste and inefficiency.
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