Examlex
Which economist is known for first describing "comparative advantage"?
Unrealized Profits
Profits that have been earned but not yet realized through a transaction, such as an increase in value of an asset that has not been sold.
Intercompany Sales
Transactions involving the exchange of goods or services between subsidiaries within the same parent company.
Mark-Up
The amount added to the cost price of goods to cover overhead and profit, resulting in the selling price.
Effective Tax Rate
The true percentage of earnings that a person or business pays to the government, determined by dividing their total tax contribution by their taxable income.
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