Examlex
International trade based on comparative advantage allows a country to produce outside its production possibility frontier.
Duty Of Care
The legal obligation to avoid actions or omissions that could foreseeably harm others.
Principal
The primary party to a transaction, such as a contract or financial instrument, who has the rights and responsibilities directly related to it.
Agent
An individual authorized to act on behalf of another person or entity, often in a business setting.
Liability
A legal obligation or debt that an entity is bound to fulfill towards another party.
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