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Identify several positions on each side of the globalization debate.
Short Run
The short run in economics is a time period during which at least one input, such as plant size, is fixed and cannot be changed by the firm.
Fixed Plant Capacity
The maximum output level that a plant can achieve with the current facilities and resources over a specific period.
Industry Entry
The act or process of beginning to compete in a new or existing market as a new participant.
Nonlabor Resources
Assets or materials used in production that do not involve human labor, such as machinery, raw materials, and buildings.
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