Examlex
All of the following are correct about Byblos except:
Externalities
Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.
Positive Profits
Financial gains experienced by a firm when its total revenues exceed its total costs.
Brand Names
Brand names are names given to a product or service by a company to differentiate it from competitors, signifying reputation and quality.
Less Developed Country
A country characterized by low levels of economic development, often measured by GDP per capita, industrialization, and standard of living.
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