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Successful entrepreneurs accept the risk of failure.
Smelt Copper
The process of extracting pure copper by heating and melting copper ore to separate it from other elements.
Marginal Revenue Product
The extra income produced by using another unit of a production input.
Technology Improvement
Advancements or enhancements in technology that lead to better productivity, efficiency, or product quality in various sectors.
Marginal Product
The additional output resulting from one more unit of a certain input, holding all other inputs constant.
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