Examlex
Human resources has been defined in economics as the quantity and quality of human effort directed toward producing goods and services.
Factors of Production
The resources used in the production of goods and services, typically categorized into land, labor, capital, and entrepreneurship.
Entrepreneurial Ability
The skill or talent required to conceptualize new products or services, create businesses, and achieve economic success.
Economic Resources
Inputs used in the production of goods and services, often categorized into land, labor, capital, and entrepreneurship.
Budget Line
A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.
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