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In a concise and organized essay,explain how and why the manufacturing production of industrialized countries has decreased,even though these countries have a comparative advantage in some manufactured goods.Be sure to include all relevant factors.
Incremental Benefits
The additional advantages or gains received from an action or decision, beyond what was previously available.
Financial Reporting
Constructing communications that display the fiscal situation of an enterprise to its management team, financial backers, and governmental officials.
Voluntary Disclosure
The practice of a firm releasing non-required information willingly to its stakeholders, aiming to increase transparency and reduce information asymmetry.
Income Smoothing
The use of accounting techniques to level out net income fluctuations from one period to the next, aiming for a more stable financial appearance.
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