Examlex
Find the greatest common factor of 14, 21, and 35.
Excess Capacity
A situation where a firm is operating below its maximum production capability and can produce more with the existing resources.
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.
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