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Which planet, in addition to Earth, shows clear evidence of water erosion?
Derived Demand
Derived demand occurs for a factor of production when the demand for another good or service drives it, such as the demand for raw materials increasing due to higher demand for the final product.
Factor of Production
An economic resource used in the production of goods and services, including labor, capital, land, and entrepreneurship.
Market
A group of buyers and sellers of a particular good or service.
Diminishing
A principle often referring to diminishing returns, where additional inputs result in progressively smaller increases in output.
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