Examlex
What does the supply chain begin with?
Light Industrial Production
Involves manufacturing activities that typically require a smaller space and less heavy machinery compared to heavy industrial production, focusing on products like electronics or textiles.
Productivity
The efficiency at which goods and services are produced, usually measured by the amount of output per unit of input over a specific period.
Economic Growth
An increase in the amount of goods and services produced per head of the population over a period of time, often measured by GDP.
Nationalization
The process by which a government takes control over a privately-owned company or industry.
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