Examlex
Which is a web portal for all kinds of online news,entertainment,and information,operated by Quebecor Media?
Absolute Advantage
The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.
Absolute Advantage
The ability of a party to produce a greater quantity of a good, product, or service than competitors using the same amount of resources.
Economic Basis
The fundamental factors that determine the structure and operation of an economy, such as its resources, technology, and social relations.
Terms Of Trade
The ratio at which a country can trade its exports for imports from other countries, indicating the economic value of goods a country can procure through international trade.
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