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Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
The post 30 Fancy Words That Will Make You Sound Smarter appeared first on Reader's Digest. With these fancy words, you can take your vocabulary to a whole new level and impress everyone.
The English language has a number of words that denote specific or approximate quantities that are themselves not numbers. [1] Along with numerals, and special-purpose words like some, any, much, more, every, and all, they are quantifiers. Quantifiers are a kind of determiner and occur in many constructions with other determiners, like articles ...
A restaurant waiter is an example of a service-related occupation. A service is an act or use for which a consumer, company, or government is willing to pay. [1] Examples include work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and so on.
Services constitute over 50% of GDP in low income countries and as their economies continue to develop, the importance of services in the economy continues to grow. [2] The service economy is also key to growth, for instance it accounted for 47% of economic growth in sub-Saharan Africa over the period 2000–2005 (industry contributed 37% and agriculture 16% in the same period). [2]
fancy (v.) (v.) exhibit a fondness or preference for something; exhibit an interest in or willingness to: date/court someone, commit some act, or accept some item of trade US colloq. equiv. of "to fancy" is "to like" something or someone (or regarding tastes and preferences, "to love"); "fancy" as a verb is now used in the US almost solely by ...
Simply put, a tariff is a fancy name for a tax — just like property taxes or sales taxes. Instead of applying to real estate or goods and services, though, tariffs apply to U.S. imports.
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