Examlex
Competitive advantage is the ability to outperform one's competitors.
Services
Intangible products such as healthcare, education, and banking, that provide value or meet needs without producing physical goods.
Dependent
In economic or tax contexts, this refers to someone who relies on another, especially a family member, for financial support and can often be claimed for tax benefits.
International Trade
The exchange of goods, services, and capital between countries or territories, promoting global economic integration.
Trade Deficit
A scenario in which the value of a nation's imports of goods and services surpasses the value of its exports.
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