Examlex
The principle of the separation of powers divides power between the national and United Nations governments.
Total Output
The aggregate quantity of goods or services produced by an economy, sector, or firm within a given period.
Specialize
Focus on a specific area of expertise or production to achieve greater efficiency.
Production Possibilities
A curve representing all possible combinations of maximum outputs that could be produced with a fixed amount of resources.
Consumption Possibilities
The range of goods and services that can be consumed given a consumer's income and prices.
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