Examlex
In a manufacturing process, an organization creates value by turning inputs such as people, capital and equipment into outputs such as goods or services.
Income
An economic term that refers to the money received, usually on a regular basis, for work or through investments.
Price
The amount of money required to purchase a good or service, determined by supply and demand dynamics in the market.
Demand Function
A mathematical expression describing the relationship between the quantity demanded of a good and factors that influence it, such as price, income, and prices of related goods.
Mead
An alcoholic beverage created by fermenting honey with water, and sometimes with various fruits, spices, grains, or hops.
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