Examlex
The sum of the deviations of each data value from this measure of central location will always be zero.
International Trade
The exchange of goods, services, and capital across international borders or territories, driven by comparative advantage.
Economic Growth
An increase in the production of economic goods and services, compared from one period of time to another.
Diminishing Returns
A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.
Subsistence
The minimum level of essentials (such as food and shelter) necessary for an individual to survive.
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