Examlex
Explain the role of the project champion.
Technological Advance
The introduction of new technologies or the improvement of existing technologies, enhancing productivity and possibly leading to economic growth.
Product Differentiation
The process of distinguishing a product or service from others in the market to make it more appealing to a particular target market.
Oligopoly Model
An economic model describing a market structure where a few firms dominate, often leading to pricing and output decisions that consider competitors' actions.
Allocative Efficiency
A state of resource allocation where resources are distributed according to consumer preferences, often considered an optimal distribution of goods and services.
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