Examlex
What happened when the leaders of the Czechoslovakian reform movement of 1968 gained a majority and replaced a long-time Stalinist leader with Alexander Dubček, whose new government launched dramatic reforms?
MRP
Marginal Revenue Product, the additional revenue generated from employing one more unit of a resource.
Capital
Resources made and used to produce goods and services, including tools, equipment, machinery, and buildings.
Labor
The application of both mental and physical human capacities for the generation of goods and services.
Marginal Physical Product
The additional quantity of output that is produced by using one more unit of a given input, assuming all other inputs remain constant.
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