Examlex
Informative headings and subheadings
Factor Endowments
The quantity and quality of labor, land, and capital that a country possesses, which determine its potential for producing goods and services.
Labor
Human endeavors, involving both bodily and mental work, employed in generating goods and offering services.
Natural Resources
Materials or substances occurring in nature which can be exploited for economic gain, such as forests, minerals, and water.
Domestic Price
The price of goods or services within a country's borders, as opposed to international or import/export prices.
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