Examlex
If a firm that uses a production process that yields economies of scale charges a price less than ________, then profit will be ________.
Optimal Locations
The most favorable sites or positions for specific activities or facilities, based on criteria like cost, accessibility, and efficiency.
Amartya Sen
An Indian economist and philosopher, born in 1933, who is known for his work on welfare economics, social choice theory, and economic and social justice.
Famine
An extreme scarcity of food that leads to widespread hunger, malnutrition, and mortality in a population.
Inequality of Access
The uneven distribution of resources or opportunities to utilize services or goods among different populations or groups.
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