Examlex
The power that modifies, influences, and controls climate originates with the sun. The amount of sunlight striking a particular area of the globe determines the level of warmth and ultimately the movement of air and the amount of precipitation. Because the earth is a globe that rotates about a tilted axis, the amount of sunlight striking the earth varies by region and time. Gary S. Moore, Living with the Earth, 3rd ed.
Perfectly Competitive
A market structure characterized by many buyers and sellers, all of whom have full information and the products are perfect substitutes.
Output
Output refers to the total amount of goods or services produced by a company, industry, or economy within a certain period, often used as a measure of productivity or economic activity.
Firm
A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services in exchange for revenue.
Reduces
Makes smaller in amount, degree, or size; diminishes or lessens.
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