Examlex
Globalization,in the form of the new production of irrigated cash crops,brought this change to the rural Sudanese village studied by geographer Cindi Katz.
Terms Of Trade
The ratio at which a country can trade its exports for imports from other countries, indicating the economic value of goods a country can procure through international trade.
Specializing
The process of focusing on and becoming an expert in a particular subject or skill, often leading to increased efficiency and productivity.
Maximum-Output
The highest level of production that a company can sustain over the long term without increasing its costs per unit of output.
Mutually Beneficial Exchange
An economic interaction where all parties involved gain or perceive a gain from the transaction.
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