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Long Run
A period of time in economics during which all factors of production and costs are variable.
Marginal Product
The increase in output stemming from the addition of one unit of a specific input, with all other inputs kept steady.
Malthusian Dilemma
The scenario suggested by Thomas Malthus where population growth outpaces agricultural production, leading to famine, disease, and other crises.
Starvation
A severe lack of food and nourishment, leading to extreme hunger and malnutrition.
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