Examlex
In today's marketplace, customers who expect to receive product configurations and services matched to their unique needs are decreasing in numbers.
Deadweight Loss
The loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.
Tariff
A levy placed on goods and services brought into a country to raise their cost and enhance the competitiveness of homegrown products.
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence of economies worldwide.
Technological Advancements
The progress in technology which enhances efficiency, productivity, and capabilities in various industries.
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