Examlex
What is an IP (Internet Protocol)address?
Inputs And Outputs
The resources used in the production process (inputs) and the goods or services produced (outputs) in an economic system.
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology.
Available Resources
The assets, materials, and inputs that are available for use in the production of goods and services.
Inferior Technology
Technology that is less efficient or effective compared to the available alternatives.
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