Rare Resources Are Resources That Are Not Controlled or Possessed

question 54

True/False

Rare resources are resources that are not controlled or possessed by many competing firms and are necessary to sustain a competitive advantage.

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Definitions:

Trade Deficit

The economic condition that occurs when a country imports more goods and services than it exports.

Economic Growth

Economic Growth is the increase in a country's production of goods and services over time, typically measured as the percentage increase in real GDP.

Direct Foreign Investment

An investment from a company or individual in one country into the business landscape of another country, through starting new business operations or buying existing business assets.

U.S. Trade Deficits

The situation where the total value of goods and services imported by the United States exceeds the total value of goods and services it exports.