Examlex
Locking goods into place or having them monitored by electronic systems is known as:
MRP
Stands for Marginal Revenue Product, which is the additional revenue produced by hiring or utilizing an additional unit of a resource.
Output Increases
A situation where the production capacity of an economy grows, leading to more goods and services being available.
Productivity Rises
An increase in the efficiency of production, often leading to more output with the same or fewer inputs.
Relative Prices
The price of a commodity or service in comparison to another, indicating its opportunity cost and economic choice.
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