Examlex
The Sun's altitude refers to
Labor
The physical and mental effort used in the production of goods and services.
Capital
Resources or assets that are used in the production of goods and services, including physical assets like machinery and buildings, and intangible assets like patents.
Fixed-Proportion
A production process in which the inputs are used in fixed ratios, with no substitution possible between them.
Perfect Substitutes
Goods or services that can be used in exactly the same way, where the consumer is indifferent between the two and will choose the cheaper one.
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