Examlex
A ____ is an innovation with a very short product life cycle.
Total World Production
The aggregate amount of goods and services produced globally within a specific time frame, often measured in terms of Gross World Product (GWP).
Specialize
To focus on a particular area of knowledge, skill, or production, often to increase efficiency or quality.
Trade
The exchange of goods, services, or both within or between countries, driven by the principle of comparative advantage.
Produce
To create, manufacture, or grow goods and products for consumption or sale.
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