Examlex
The term "Third World" was originally a product of which of the following?
Monopolist
An individual or entity that has exclusive control over the supply or trade of a commodity or service in a particular market.
Economic Efficiency
A condition in which resources are distributed in a manner that optimizes the creation of goods and services while minimizing expenses.
Demand Conditions
The market requirements and consumer preferences that influence the demand for goods and services, including price, quality, and accessibility.
Cost Conditions
The factors that influence the expenses associated with producing goods and services, including materials, labor, and overhead.
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