Examlex
Multiply or divide, as indicated. Simplify the answer.
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Capital
Refers to wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.
Fixed Proportions
A production process where inputs are used in strict, unchangeable ratios, without the flexibility to substitute one input for another.
Elasticity Coefficient
A numerical measure of the responsiveness of quantity demanded or supplied to one of its determinants, such as price or income.
Resource Demand
The requirement for resources or inputs necessary for production in response to market needs.
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