Examlex
Let . Calculate the following.
Specialization
The focus by an individual, firm, or country on producing a limited range of goods or services, often to improve efficiency and productivity.
Mutually Beneficial
A situation or transaction where all parties involved gain or benefit from the arrangement.
Terms of Trade
The ratio of export prices to import prices. It shows how much import goods a country can buy for each unit of export goods it sells.
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