Examlex
The characteristics of useful information fall into three broad categories of _________________________________(three words).
Absolute Advantage
The ability of a country, company, or individual to produce a good or service more efficiently than competitors, using fewer resources.
Monopoly
Market situation in which a single seller dominates trade in a good or service for which buyers can find no close substitutes.
Less-developed Countries
Nations with a lower standard of living, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.
Lucrative Market
A market segment in which a company can generate substantial profits due to high demand or superior positioning.
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