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The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4
-There is no cost of using your own savings in your business.
Assignment
The transfer of rights under a contract to another party.
Negotiation
Direct communication between the parties to a dispute in an effort to resolve the problems without third-party intervention; transferring negotiable instruments to third parties.
Negotiable Instrument
A legal document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee able to transfer it to another holder.
Endorsement
A signature or stamp on a document or instrument that signifies approval, support, or transfer of rights.
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