Examlex
Which of the following was NOT promoted by Confucius?
Units Of Outputs
The individual items or quantities of service produced by an economic entity.
Cost Of Capital
The cost of funds used for financing a business, expressed as the rate of return that investors expect from the capital invested in the business.
Output Effect
The impact on the overall production or output of a firm or economy resulting from a change in demand or other economic variables.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods or services, leading consumers to replace more expensive items with cheaper alternatives.
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