Examlex
A precipitation droplet with a diameter of 0.25 mm would be classified as rain.
Capital Goods
Long-term assets used by businesses to produce goods and services, such as machinery, buildings, and equipment.
Consumer Goods
Products bought by the final consumer for personal use.
Law of Increasing Opportunity Costs
An economic principle that states as production of a good or service increases, the opportunity cost of producing another unit also increases.
Particular Good
A specific item or product that satisfies consumers' needs or wants, distinguishable from general categories or types of goods.
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