Examlex
Explain what the ITCZ is and how it brings rain to different parts of Africa.How is the ITCZ related to the locations of deserts?
Production
The process of creating goods and services through the combination of labor, materials, and capital.
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two goods, given a fixed amount of resources and technology.
Deep Depression
An extended period of significant decline in the economy, characterized by high unemployment, sharp decreases in output and trade, and widespread poverty.
Capacity Utilization Rate
A measure of how well an economy or a firm is using its productive capacity to manufacture goods or services.
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