Examlex
Job descriptions and training are examples of coordination through standardisation.
Free Trade
The absence of tariffs, quotas, or other governmental restrictions on international trade, allowing goods and services to move freely across borders.
Opportunity Cost
Signifies the advantages that a person, investor, or company forgoes by selecting one option instead of another.
Tables
Arrangements of data in rows and columns that systematically display information.
Comparative Advantage
The ability of an individual, firm, or country to produce a certain good at a lower opportunity cost than its trading partners.
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