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Researchers sometimes use operational definitions in conducting their studies, which means that they
Economic Growth
The uptick in the true economic value of goods and services made by an economy, accounting for inflation, as time progresses.
Technological Advance
The development and application of innovative techniques, tools, or methods that enhance efficiency, productivity, or quality.
Production Possibilities Frontier
An illustration representing the optimal production capabilities for a pair of items, using specific resources and conditions.
Economic Growth
An increase in the production of goods and services in an economy over a period of time, indicating a rise in the standard of living.
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