Examlex
When a firm uses technological improvements to increase output from the same amount of inputs, the result is
Initial Credit Purchase
The first acquisition of goods or services that allows payment to be delayed.
Sight Draft
A financial document that demands immediate payment upon presentation to the drawee, often used in international trade.
Time Draft
A written order to pay a specified amount of money at a certain time in the future, often used in international trade.
Banker's Acceptance
A short-term financial instrument issued by a company that is guaranteed by a commercial bank. It is commonly used in international trade.
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