Please Define the Following Key Terms

question 86

Short Answer

Please define the following key terms.
-"national debt"

---

Definitions:

Number of Firms

Refers to the total quantity of individual businesses operating within a particular industry or market.

Price of Inputs

The cost of the resources used in the production of goods and services.

Price of Labor

The compensation, including wages and benefits, that employers provide to workers in exchange for their labor services.

Mozzarella Cheese

A soft, white cheese originally from Italy, commonly used on pizzas and in various dishes.