Examlex
Behavioral assumptions:
Goods And Services
Goods are physical items that are sold or exchanged, while services are intangible activities or benefits that are provided.
Trade Barriers
Measures implemented by governments to restrict or control the exchange of goods and services across borders, such as tariffs and quotas.
Inefficient Industry
An economic sector that fails to utilize resources optimally, resulting in lower productivity and output.
Job Losses
The elimination of positions within a company due to reasons such as economic downturns, restructuring, or automation.
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