Examlex
Although trans fats are unhealthy to consume, they are a better option than saturated fats.
Technological Change
Refers to the improvements and innovations in technology that enhance productivity or enable new products and services.
Own Wealth
The total value of all financial and non-financial assets owned by an individual or entity, minus any liabilities.
Pure Monopolist
A sole provider of a unique product or service with no close substitutes, giving them significant control over pricing.
Economies of Scale
A condition where the average costs of production fall as the output level increases, leading to a more efficient production process.
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