Examlex
What is the approximate transit time for food to pass from the mouth to the anus?
Industry
A sector of the economy that includes businesses and organizations that produce similar goods or services.
Economic Costs
The sum of explicit and implicit costs which represent the total opportunity costs of resource utilization in the production of goods or services.
Opportunity Costs
The loss of potential gain from other alternatives when one alternative is chosen.
Explicit Costs
Direct, out-of-pocket payments for expenses incurred in conducting business, such as wages, rent, and materials.
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