Examlex
White or red patches that appear in the mouth as a result of using spit tobacco are called
Allocative Efficiency
Occurs when no resources are wasted; it is not possible to make any person better off without making someone else worse off.
Economic Problem
The challenge of limited resources to meet unlimited wants and needs of society.
Capital Goods
Long-lasting goods purchased or used by businesses to produce goods or services and not intended for final consumption.
Consumer Goods
Products and services that are consumed by individuals or households to satisfy their needs or wants.
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