Examlex
The General Linear Model is the major framework for statistical modeling in the social sciences.
Producing Output
The process of generating goods or services as the result of economic activity.
Additional Unit
The next unit of product or service that could be produced or acquired.
Decreasing-Cost Industry
An industry in which costs per unit of output decrease as the scale of production increases, often due to factors like improved technologies or economies of scale.
Economic Adjustments
Shifts in economic policies or market conditions that lead to changes in allocation of resources, production, and pricing.
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