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  2. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    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. abandonment of the gold standard The decision by a government to abandon a monetary system in which the standard economic unit of account is based on a fixed quantity of gold ...

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