Examlex
The ability to interpret nonverbal messages correctly is important to the success of relationships.
Acquired Comparative Advantage
A concept where a country becomes more proficient and competitive in producing goods or services not because of natural factors but through practice and technological advancement.
Subsidy
A form of financial aid or support extended to an economic sector (or institution, business, or individual) generally with the aim of promoting economic and social policies.
Labor-Intensive Goods
Products or services that require a relatively high amount of labor compared to capital in their production or delivery processes.
Factor Endowments
Economic term for the amount and type of resources possessed by a country, such as land, labor, and capital, which contribute to its productive capacity.
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