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in trade when a country can produce a good at a lower cost (using fewer resources) than any other country would need to produce it.
when a target range for inflation is set by the central bank as a measure to combat inflation....
a form of centrally planned economy where all capital; natural resources and businesses are...
(also called indirect costs) these do not vary with the amount of production (output) and...
cost of production excluding taxes on production and including subsidies (GDP at basic prices -...