Examlex
One function of information technology is ________,the process of sending data to various locations.
Absolute Advantage
Refers to the ability of a country, individual, or firm to produce more of a good or service with the same amount of resources than competitors.
Economies of Scale
Refer to the cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Domestic Price
The price of goods or services within a country's borders, influenced by local supply and demand conditions.
World Price
the international market price of a good or service, influenced by worldwide demand and supply conditions.
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