Examlex
A horizontal investment schedule assumes that investment spending is not related to current income.
Derived Demand
Demand for a factor of production or good that results from the demand for another related good or service.
Substitution Effect
The change in consumption patterns due to a shift in relative prices that makes one product more economically attractive than another.
Output Effect
The output effect refers to the impact changes in production volume have on a company's total costs and profitability.
Substitute Resource
A resource that can be used in place of another in production processes, often influencing supply and price levels.
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