Examlex
Managers affect society through their decisions about how to use resources.
World Exports
The total value or volume of goods and services sent from one country to be sold or traded in other countries.
Trade Deficits
A situation in which a country's imports of goods and services exceed its exports, leading to a net outflow of domestic currency to foreign markets.
Industrially Advanced
Refers to countries or regions that have highly developed industries, technology, and infrastructure, contributing to a strong economy.
Comparative Advantage
A person's, corporation's, or country's capability to offer a good or service more efficiently, incurring less opportunity cost than their competitors.
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