Examlex
A ____ is a single item of information about a person, place, or thing.
Allocative Efficiency
an optimal distribution of resources in an economy, ensuring that goods and services are distributed according to consumer preferences.
Per-Capita Output
The average production of goods or services per person within a geographical area or country.
Developing Countries
Nations with a lower living standard, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.
Modernize Economies
The process of adopting new technologies, implementing policy reforms, and updating infrastructures to improve a country's economic performance and productivity.
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