Examlex
Which of the following statements about creative people is most correct?
Physical And Human Capital
Assets including machinery, buildings (physical capital) and the skills, knowledge, and experience possessed by an individual or population (human capital).
Excess Capacity
A situation where a firm is producing at a lower scale of output than it has been built to handle, due to insufficient demand.
Product Diversity
The variety of different items within a particular category available to consumers in the market.
Monopolistic Competition
A market structure characterized by many firms offering products that are similar but not identical, allowing for slight differentiation among them.
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