Examlex
A trade-off involves weighing costs and benefits.
Virtues
Qualities or traits that are deemed to be morally good and thus is valued as a foundation of good moral being.
Infant-Industry Argument
A justification for protectionist policies that asserts new industries need to be shielded from international competition until they are mature and competitive enough.
Implementation
refers to the process of executing a plan, project, or method to completion.
Absolute Advantage
The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.
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