Examlex
Differentiation comes before segmentation.
Quantity of Capital
The total assets, both physical (such as machinery and buildings) and financial, that individuals or businesses use to produce goods and services.
Outward Rotation
An expansion of the production possibilities frontier, indicating an economy's increased capacity to produce goods and services.
Technology Improvement
Enhancements in technology that lead to more efficient production processes, higher quality products, or new products and services.
Per-worker Production
A measure of productivity calculated by dividing the total output by the number of workers.
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