Examlex
________ has the main disadvantages of high transportation costs,trade barriers,and problems with local marketing agents.
Savings Rate
The proportion of income that is saved rather than spent over a specific period.
Economic Growth
The process by which the economic well-being and quality of life of a nation improve over time.
Mass Production
The manufacturing of large quantities of standardized products, often using assembly lines or automated technology, to achieve economies of scale.
Industrial Revolution
A period of major industrialization that took place during the late 1700s and early 1800s, characterized by the transition from manual production methods to machine-based manufacturing processes.
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