Examlex
Which of the following statements is correct?
Marginal Productivity
The additional output that is produced by employing one more unit of a particular input, holding other inputs constant.
Income Distribution
The way in which total income is shared among the population or different groups within society.
Substitute Factor
A factor or input that can be used in place of another to produce a good or service.
Factor Production
Refers to the inputs or resources used in the process of producing goods and services, including land, labor, capital, and entrepreneurship.
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