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Theories of Development Differ from Opinion Primarily Because

question 33

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Theories of development differ from opinion primarily because


Definitions:

Commodity

A fundamental product utilized in trade that can be exchanged with other products of similar kind.

Maximise

To increase something to its greatest possible amount or degree.

Input

Resources such as labor, materials, and energy that are used in the production process of goods or services.

Production Function

A mathematical representation that describes the relationship between inputs used in production and the resulting output.

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