Examlex
What is the Hjira?
Total Product
The aggregate production level of a business within a certain period.
Marginal Products
The incremental output generated when one unit of a certain input is added, with all other conditions being held steady.
Substitute Labor
involves using alternative workforce options, such as temporary or gig workers, in place of regular employees to perform tasks or jobs.
Price of Capital
The cost of using capital assets, reflected in the interest rate or rate of return that investors demand for using their capital.
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