Examlex
In an organization that is sustainable, managers make decisions aimed at balancing present needs against the needs of future generations in three areas: the economy, the environment, and society.
Resources Fixed
A situation in an economic model where the availability of resources is constant and unchanging over time.
Output Variable
A variable that represents the result or outcome of a process or model.
Production Capacity
The maximum output that a company or economy can produce under normal conditions within a given period, often influenced by available resources and technology.
Diminishing Returns
A principle indicating that as more of a variable input is added to a fixed input, the added output from each additional unit of input will eventually decrease.
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