Examlex
What is the product of the nucleophilic substitution reaction shown below?
Diminishing Marginal Productivity
A principle in economics that indicates that as one inputs more of a factor of production while holding other factors constant, the additions to output will eventually decrease.
Output
The quantity of goods or services produced in a given period by a firm, industry, or country.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, typically characterized by a reduction in per-unit cost with increasing output.
Specialization
The process by which individuals, firms, or countries focus on producing a certain type of goods or services, often to achieve greater efficiencies or quality.
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