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If a company increases its sales price by $5 and its variable costs per
Peripheral Countries
Nations that are less developed than the semi-periphery and core countries, often exploited for their resources by more economically dominant nations.
World Poverty
A global issue characterized by the lack of basic resources, services, and opportunities necessary for people to live a healthy and productive life, disproportionately affecting developing countries.
Causes
Factors or conditions that bring about an effect or influence the occurrence of an event, action, or condition.
Wealthy Nations
Countries characterized by a high level of economic development, significant gross domestic product (GDP), and advanced technological infrastructure, leading to a higher standard of living for their populations.
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