Absolute Advantage

Absolute Advantage Intermediate An economics concept in which one party has a direct advantage in efficiency in producing/providing a specific good or service over another party.

Fiat

Fiat money, often known as fiat currency, is money that a government has recognized as legal tender and that it supports.

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Ad Hoc

a Latin expression that means "for this purpose" or "specifically for this" in contemporary English.

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Accountability

Accountability is the need or willingness to take ownership of one's actions. When someone takes ownership, they are committing to producing successful outcomes.

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