Examlex
The average cost curve shows the total cost divided by quantity produced for various levels of output.
Minority
A smaller part of a group differing from the majority in ethnic, religious, political, or other characteristics.
Expensive Jewellery
High-value adornments made from precious materials and stones, often considered luxury items.
Mediation
Process of intergroup conflict resolution where a neutral third party intervenes in the negotiation process to facilitate a settlement.
Arbitration
A method of dispute resolution where an impartial third party makes a decision to resolve a dispute.
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