Examlex
More than three-fourths of all private-sector employees work for small businesses.
Comparative Advantage
The ability of an individual or entity to produce goods or services at a lower opportunity cost than other producers.
Climate
The long-term pattern of weather conditions in a particular area, including temperature, precipitation, humidity, and seasonal variations.
Technology
The use of scientific understanding to achieve practical goals, particularly within the industrial sector.
World Price
The global market price of a product or service, determined by worldwide demand and supply.
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