Examlex
The information that is the output of one process can be viewed as a data input to another process.
Absolute Advantage
The ability of an individual, company, or country to produce a good or service at a lower cost per unit than other competitors with the same quality.
Oil
A fossil fuel in liquid form, primarily used as a source of energy and as a base for petrochemicals, extracted from underground reservoirs.
Coal
A combustible black or brownish-black sedimentary rock used primarily as a source of energy and heat.
Tariff
A tax imposed on imported goods and services to protect domestic industries or raise government revenue.
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