Examlex
What is diffusion? Define this concept and give two examples.
Unemployment Rate
The percentage of the labor force that is jobless and actively seeking employment.
Opportunity Cost
The economic impact of dismissing the next prime alternative while reaching a decision.
Scarce Resources
Limited supplies of inputs necessary for production, leading to trade-offs and choices in their allocation.
Capital
Assets or money possessed by an individual or organization, which can be used for initiating a business or investment purposes.
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