Examlex
The theoretical approach in sociology that views society as a complex system whose parts work together to promote solidarity and stability is the
Physical Capital
Assets used by a business to produce goods and services, such as buildings, machinery, and equipment.
Diminishing Returns
A principle stating that as investment in a single area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other inputs remain constant.
Marginal Product
The additional output generated by employing one more unit of a particular input, holding all other inputs constant.
Hiring Labor
The process of engaging individuals to perform services or work for compensation.
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