Examlex
When Einstein proposed his General Theory of Relativity, he suggested some pretty strange ideas about space, time, and gravity. How did scientists in 1919 show that Einstein's theory described the behavior of the real world and wasn't just a crazy hypothesis?
Derived Demand
Demand for resources derived from demand for the final product.
Final Demand
The demand for finished products by consumers, businesses, and the government, without any further processing or transformation.
Goods and Services
Represents the output of an economy, where goods are physical items and services are activities provided by others for benefit or pleasure.
MRP
In economics, Marginal Revenue Product is the additional revenue generated by employing one more unit of a resource.
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