Examlex
How has growth in M2 minus the growth in real GDP compared to the inflation rate in the United States?
Human Resources
The abilities, skills, and health of human beings that contribute to the production of both current and future output. Investment in training and education can increase the supply of human resources.
Physical Resources
Tangible assets used in the production or delivery of goods and services, such as machinery, buildings, and raw materials.
Scarcity
The fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.
Opportunity Cost
Renouncing the possibility of gains from different alternatives by making a single choice.
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