Examlex
Trading securities are valued on the balance sheet at market value.
Comparative Advantage
The ability of an individual or group to carry out a particular economic activity more efficiently than another activity.
Increasing Returns
A situation in economics where an increase in the amount of inputs leads to a greater proportional increase in the amount of output.
Factor Endowments
The amount of land, labor, capital, and entrepreneurship that a country possesses and can exploit for manufacturing and service provision.
Technology
The technical means for producing goods and services.
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