Examlex
Centrally planned economies use free-market systems for their production planning.
Domestic Price
The price of goods or services within a country's borders, as opposed to international or foreign prices.
World Price
The international market price of a good or service, determined by global supply and demand, that influences local market prices and trade policies.
Export
The process of selling goods or services produced in one country to other countries.
Absolute Advantage
A situation where a country or individual can produce more of a good or service with the same amount of resources than others.
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