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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 ...
These words are related to money, economics and/or the exchange of goods and services. 2. Fixtures/items that are attached or mounted to a similar surface. ... Scroll below this image (the image ...
The everyday usage of the word unemployed is usually broad enough to include disguised unemployment, and may include people with no intention of finding a job. For example, a dictionary definition is: "not engaged in a gainful occupation", [7] which is broader than the economic definition.
These may have been, as the Roman certainly were, separate coverings for each hand, although the cartulary cited also distinguishes the glove for summer from the muffulae for winter wear. The Old French moufle meant a thick glove or mitten, and from this the Dutch mof, Walloon mouffe, and thence English "muff", are probably derived. [1]
As soft as a leather glove may be, its pores and grain provide a level of friction when "gripped" against an item or surface. A common use for leather gloves is sporting events. In baseball, a baseball glove is an oversized leather glove with a web used for fielding the ball. Leather gloves are also used in handball, cycling, and American football.
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It has been widely used in the manufacture of gloves and the uppers of ladies' shoes and men's low cut shoes, but is commonly associated with wallets, linings for fine luggage, and bookbindings. Despite its name, Morocco was typically not the original source of the leather.
In economics a trade-off is expressed in terms of the opportunity cost of a particular choice, which is the loss of the most preferred alternative given up. [2] A tradeoff, then, involves a sacrifice that must be made to obtain a certain product, service, or experience, rather than others that could be made or obtained using the same required resources.