Examlex
How might a firm use their integration of the value chain to gain a competitive advantage?
GDP
Gross Domestic Product, a measure of the economic performance of a country, calculated by adding the total value of all goods and services produced within its borders.
National Debt
The sum total of finances that a nation's government has amassed in debt via various avenues.
Deficit
An economic condition where expenditures exceed revenue, common in government budgets.
Surplus
A situation where the quantity supplied of a good or service exceeds the quantity demanded at the current price.
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