Examlex
A third person should recognize that a partner has limited or no authority if:
Productive Efficiency
A situation in which an economy or entity is operating in such a way that it cannot produce more of one good without producing less of another.
Creative Destruction
The process by which new innovations cause older technologies, companies, or products to become obsolete, driving economic growth through continuous renewal.
Dominant Firms
Companies that have a major portion of market share and can significantly influence market conditions and prices.
New Products
Items or services that have recently been introduced to the market and offer new features, functionalities, or benefits to consumers.
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