Examlex
Foraging bees communicate with other bees in a waggle dance to give information about the food.The important cue in the dance that conveys information about the required flight direction to the food source relative to the hive-sun direction is the
Excess Capacity
The situation where a firm is producing at a lower scale of output than it has been designed to handle, resulting in unused productive capacity.
Source Of Inefficiency
Factors or situations that prevent an economy or system from achieving optimal allocation and utilization of resources, leading to wasted potential.
Product Diversity
The variety of different items that a company produces or that is available in a market.
Long-run Equilibrium
A state in which all factors of production and costs are variable, and all economic actors have fully adjusted to any economic changes, leading to a no-profit, no-loss scenario.
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