Examlex
The key to successful technological investment is _______ potential, not technological sophistication form its own sake. For example, although the Concorde was technologically sophisticated, management knew before its launch that it wasn't commercially viable.
National Saving
The total amount saved by a nation's households and businesses, plus government budget surplus, which can be used for investment.
Open-Economy Macroeconomic Model
A model that analyzes an economy that engages in international trade, considering the impact of exports, imports, and capital flows.
Tariffs
Tariffs are taxes imposed by a government on imported goods and services to protect domestic industries, raise revenue, or influence trade balance.
Net Exports
The value of a country's exports minus the value of its imports, a key component in calculating a nation's GDP.
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