Examlex
Thick descriptions describe action as well as understand what:
International Trade
The exchange of goods and services between countries, allowing for increased efficiency and market expansion by capitalizing on comparative advantage.
Lower Opportunity Cost
A situation where choosing one option over another results in a lower forfeit of potential benefit from the other options.
Self-Sufficient
refers to the ability of an individual, community, or country to provide for all their needs independently, without external assistance.
Trading Partner
A country, organization, or entity with which a business or country conducts trade, sharing a mutual economic exchange.
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