Examlex
The world's highest recorded temperature was in Libya and closest to ________ degrees Celsius.
Opportunity Cost
The sacrifice of potential gains from other possibilities when a specific alternative is opted for.
Absolute Advantage
A condition in which a country, individual, or firm can produce a good or service at a lower cost per unit than competitors.
Specialization
Focusing on a narrow area of expertise or production, often leading to increased efficiency and productivity in that area.
Current Assets
Assets on a company's balance sheet that are expected to be converted into cash, sold, or consumed within a year or the business's operating cycle, whichever is longer.
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