Examlex
It seems self evident that countries would have an advantage in producing those goods that use relatively large amounts of their most abundant factor of production.
GDP
Gross Domestic Product is the sum value of all finished goods and services made within a country's borders over a certain timeframe, measured in monetary terms.
Industrial Countries
Nations with highly developed economies, characterized by significant industrial activity, advanced technological infrastructure, and higher standards of living.
Percentage
A proportion or part in relation to a whole, represented as a fraction of 100.
Water-Soluble Material
A substance that can dissolve in water, making it capable of being washed away or diluted in aqueous solutions.
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