Examlex
LAFTA is an example of a free trade area form of economic integration.
Price of Output
The amount of money that a firm receives from the sale of goods and services it produces.
Price of Inputs
The cost associated with the resources used in the production of goods and services.
Marginal Cost
The cost added by producing one extra item of a product.
Arena
A place or scene of activity, debate, or conflict.
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