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What Are Groups and Institutions That Both Formally and Informally

question 45

Multiple Choice

What are groups and institutions that both formally and informally take on the task of socialization called?


Definitions:

Output

The total amount of goods or services produced by a company, industry, or economy.

Production Function

An equation, table, or graph that indicates the maximum output a firm can produce with a given set of inputs, under certain technological constraints.

Returns To Scale

The rate at which production output increases in response to a proportional increase in all inputs (labor, capital, etc.).

Production Function

An equation that describes the relation between inputs used in production and the output resulting from their use.

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