Examlex
A primary role of ________ is to describe how choices are made,analyze the results of those choices,and advise on how better decisions can be made.
Industrialization
The process of transforming economies from primarily agricultural to one based on the manufacturing of goods, typically leading to economic growth and development.
Capital Resources
Assets such as machinery, buildings, and equipment used to produce goods and services.
Per Capita Income
The per capita income in a particular area or country, found by taking the total revenue generated in that area and dividing it by the population size.
Purchasing Power Parity
An economic theory that compares different countries' currencies through a "basket of goods" approach to determine the relative value of the currencies.
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