Examlex
The process of resource accumulation is similar to the static possession of stocks of resources and capabilities.
Competition
The rivalry among sellers in the market striving for a greater share of profits by offering the best possible terms to consumers.
New Products
Goods, services, or technologies that have been recently developed and introduced to the market.
Long-Run Supply Curve
A graphical representation showing the relationship between the price of a good and the total output produced by firms in the market over a long period, assuming input factors are variable.
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