Examlex
The advantages of public relations include the following except that it
Consumer Surplus
Consumer surplus refers to the difference between what consumers are willing to pay for a good or service and what they actually pay.
Producer Surplus
The difference between what producers are willing to accept for a product versus what they actually receive, usually seen as a measure of producer welfare.
Export Sector
The part of a country's economy that is involved in producing goods and services for sale in foreign markets.
Comparative Advantage
The ability of an individual or group to produce a good or service at a lower opportunity cost than others, leading to potential trade benefits.
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