Examlex
Who coined the term "invisible hand"?
Input Price
The cost associated with purchasing the raw materials or factors of production used in the creation of goods or services.
Marginal Productivity
An economic principle describing the added output that results from the increase of one more unit of an input, holding all other inputs constant.
Consumer Good
A product that is purchased by end-users or consumers for personal use.
Resource Demand
The desire and ability of firms or individuals to acquire resources or inputs necessary for production, influenced by their price and productivity.
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