Examlex
A corporation that pollutes a body of water has not met its moral minimum duty of social responsibility even if the business later compensates those whom the pollution has injured.
Imports
Products or services that are imported into a country from overseas to be sold.
Production Possibilities Curves
A graphical representation showing the maximum quantity of goods and services that can be produced within an economy, given fixed resources and technology, when those resources are fully and efficiently utilized.
Opportunity Costs
The cost of forgoing the next best alternative when making a decision or choice.
Specialization
Focus on a particular area of study or work, leading to increased efficiency and expertise in that domain.
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