Examlex
What are the effects of technology in the service sector? Choose a job and explain the changes that have occurred since computers were introduced.
Economists
Professionals specializing in the study of economies, analyzing the production, distribution, and consumption of goods and services.
Simulate
To imitate the operation of a real-world process or system over time for purposes of experiment or training.
Absolute Advantage
Absolute advantage refers to the ability of a country, firm, or individual to produce a good or service more efficiently than its competitors using the same amount of resources.
Production Possibilities
The different combinations of goods and services that an economy can produce given its available resources and technology.
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