Examlex
A value chain is the sequence of business processes in which value is added to a product or service.
Technology Used
Refers to the application of scientific and technical knowledge to production processes to improve efficiency, increase output, or create new products.
Quantity and Quality
Refers to the amount and the standard of a product or service, indicating its overall value or suitability.
Coincidence of Wants
A situation in a barter system where two parties each have something the other wants, facilitating an exchange without the need for money.
Total Output
The total quantity of goods and services produced by an economy, sector, or individual producer over a specified period.
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