Working capital, also known as net working capital, is the difference between a company?s current assets, like cash, accounts receivable and inventories of raw materials and finished goods, and its current liabilities, like accounts payable.
Working Capital = Current Assets - Current Liabilities
A trade bloc is a type of intergovernmental agreement for a group of countries where barriers to trade are reduced or eliminated among the participating states and less competition and for economic integration.
Supply curves tend to be more elastic in the long run, because there is time for firms to enter or leave the industry.
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