Examlex
When writing an unsolicited proposal,which of the following should be established first if you are unknown to the audience?
Technological Advance
Refers to the improvement and innovation in technology, leading to increased productivity, better products, or new methods of production.
Marginal Product
The additional output resulting from the use of one more unit of a production input, holding other inputs constant.
Labor
The human effort, including physical and mental skills, employed in the production of goods and services within an economy.
Demand
The desire accompanied by the ability to pay for goods or services, determining the quantity that will be bought at a given price level.
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