Examlex
The tendency to be compassionate toward others is called
Profit-maximizing
The process or strategy of adjusting production and sale operations to achieve the highest possible profit.
Least-cost Combination
An economic principle where businesses aim to produce a given level of output at the minimum possible cost by appropriately combining resources.
Inputs
Resources such as labor, materials, and capital that are used in the production process to create goods or provide services.
Substitutability
The degree to which one product can be replaced by another in the eyes of the consumer.
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