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Both globalization and localization can be seen in the spread of McDonald's restaurants.
Additional Benefit
An additional benefit refers to extra advantages or perks that come from using a product or engaging in an activity, beyond the primary gains.
Additional Cost
The extra cost that is incurred when an economic agent decides to increase the level of an activity or purchase.
Labor Market
The marketplace in which individuals offer their labor for employment and employers seek to hire labor to fill available positions.
Resource Market
The market where resources or inputs such as labor, capital, and raw materials are bought and sold.
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