Examlex
Earthʹs main energy inputs are
Opportunity Cost
Opting for one opportunity causes the relinquishment of possible gains from not selected alternatives.
Production Possibilities Curve
The Production Possibilities Curve (PPC) is a graphical representation that shows the maximum quantity of two goods or services that can be produced with limited resources.
Future Location
Refers to a place where something is expected or planned to be situated at a later time.
Economic Generalizations
General statements that summarize common relationships or patterns within an economy, often derived from empirical observations and economic theory.
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