Economic Concepts and Environmental Issues

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Comparative advantage

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The ability of a country or company to produce a particular good or service at a lower opportunity cost than others.

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Information technology

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The use of computers and telecommunications equipment to store, retrieve, transmit, and manipulate data.

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Outsource

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To obtain goods or services from an outside supplier, often from another country.

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Ground water

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Water that is held underground in the soil or in pores and crevices in rock.

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Salinization

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The process by which water-soluble salts accumulate in the soil, often as a result of irrigation.

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Water stress

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The condition that occurs when water demand exceeds the available amount during a certain period or when poor quality restricts its use.