A(n)____________________ Occurs When an Output of Matter,energy,or Information Is Fed

question 28

Short Answer

A(n)____________________ occurs when an output of matter,energy,or information is fed back into the system as an input and leads to changes in the system.

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Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits one could have received by taking the alternative action.

Manufacturing

The process of converting raw materials or components into finished goods through the use of tools, human labor, machinery, and chemical processing.

Export

The sale and shipping of goods or services from one country to another.

Import

The act of bringing goods or services into a country from abroad for sale.