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It is possible for the balance of trade to be negative, and the current account to be positive.
Direct Materials
Raw materials that are directly incorporated into a finished product and can be directly traced to that product.
Traditional Format Income Statements
A type of financial statement that presents the revenues, expenses, and profits or losses of a company over a specific period, formatted in a conventional manner.
Factory Supervisor
An individual responsible for overseeing the operations and workers in a factory, ensuring production targets and quality standards are met.
Wages
Payments made to employees for their labour or services, typically calculated on an hourly, daily, or weekly basis.
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