Examlex
A market imperfection that can encourage foreign direct investment is the possibility that a company will create a future competitor by charging another company for access to its knowledge.
Nonrenewable Resource
A natural resource that cannot be readily replaced by natural means on a level quick enough to keep up with consumption.
Market Price
The current price at which an asset or service can be bought or sold, determined by the supply and demand dynamics in the open market.
Conservation
The careful management and preservation of natural resources to prevent waste, degradation, or loss.
Cost-Benefit Analysis
A systematic approach to estimating the strengths and weaknesses of alternatives used to determine the best option(s) through the benefits and costs.
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