Examlex
If a country has Y > C + I + G, then it has
Technologically Obsolete
Refers to products, services, or technology that have become outdated or no longer maintain a competitive advantage due to advancements in technology.
Simple Rate Of Return
A method to evaluate an investment's efficiency by dividing the annual incremental net operating income by the initial investment cost.
Cash Operating Costs
Expenses a company incurs during its day-to-day operational activities that require cash payment.
Automating
The process of using technology to perform tasks without human intervention, often resulting in increased efficiency and reduced error.
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