Examlex
The classification of restaurant categorized by price, decor, atmosphere, higher level of formality, and a menu made from scratch using quality fresh ingredients is
Production Function
An equation or model that describes the relationship between inputs used in production and the output of goods or services.
Catch-Up Effect
The theory that poorer economies will tend to grow at a faster rate than wealthier economies and thus converge in terms of income per capita over time.
Capital Per Worker
The amount of capital stock available per employee, used as an indicator of productivity and economic growth.
Produced Factor
A term that does not correspond to a widely recognized economic concept as described; thus, it's considered as NO.
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