Examlex
In some areas, cattle on an open range may compact fragile soils while grazing. This can damage plant roots, leading to fewer, smaller plants, which may in turn cause cattle to graze more and work harder to obtain food. This is an example of a _______________
Value Added
The increase in the value of a product or service as it passes through each stage of production or supply chain.
Marginal Productivity
The extra output or benefit gained from increasing one unit of a particular resource while keeping other resources constant.
Income Distribution
The way in which total income is divided among individuals or households in an economy.
Labor
The human effort, both physical and mental, used in the production of goods and services.
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