Examlex
Most routine business communication benefits from an indirect organizational plan which involves placing the main idea after the supporting details.
Opportunity Cost
The potential benefit missed out on when choosing one alternative over another; essentially, it's the cost of foregoing the next best option.
Individual Choice
Decision-making by individuals based on their preferences, resources, and trade-offs they face.
Productive Capacity
The maximum output that an economy can produce without increasing inflation, driven by available resources and technology.
Specialization
The focus of a business, region, or individual on producing a limited range of goods or services to gain greater efficiency and productivity.
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