Examlex
__________ value activities are found at the bottom of the value chain.These include business processes that acquire raw materials and manufacture,deliver,market,sell,and provide after-sales services.
Comparative Advantage
An economic principle that suggests countries or entities should specialize in producing goods in which they have a lower opportunity cost, leading to more efficient global production and trade.
International Trade
The exchange of goods, services, and capital across international borders, influenced by agreements, tariffs, and global market dynamics.
Social Dumping
The practice of employers or countries exploiting cheaper labor or lower environmental standards in one region over another, often leading to job loss and lowered labor conditions in higher-cost areas.
Fair Trade
An ethical trading approach that aims to achieve better trading conditions and promote sustainability for producers and workers in developing countries.
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