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What is the advantage of the sociological perspective?
World Price
The international market price of a good or service, influenced by global supply and demand.
Diseconomies Of Scale
refers to a situation where, as a company or business expands, its production costs increase, leading to a decrease in efficiency.
Resource Endowments
The natural resources, capital, and other economic assets that a country possesses, impacting its economic potential.
World Price
The international market price of a good or service, determined through global supply and demand interactions.
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