Examlex
Which one of these best describes the relationship between net working capital (NWC) and sales?
Comparative Advantage
The ability of an individual or group to carry out a particular economic activity (like producing a good or service) more efficiently than another activity.
Rice and T-shirts
Representative commodities in discussions of global trade and economy, illustrating basic needs (food) and global manufacturing (apparel).
Absolute Advantage
A condition where a country, individual, or firm can produce a good or service at a lower cost and more efficiently than others.
Computer Components
The physical parts or elements of a computer system, such as the central processing unit (CPU), memory (RAM), storage devices, and peripherals, which work together to perform computing tasks.
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