Examlex
In the last two decades China has been following a capitalist path of economic development despite having a Communist party in control of the government.
Resource Inputs
The basic materials and components required in the production process to create goods or services.
Product Outputs
Product outputs refer to the goods or services produced as a result of manufacturing processes or business activities.
Total Costs
The total expense of production, encompassing both non-changing and changing costs.
Average Product
The output per unit of input, calculated by dividing total product by the total quantity of input used to produce that output.
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