Examlex
The following are all steps in an employee's training program except
Standard Of Living
A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.
Production Possibility Frontier
A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology, illustrating the trade-offs and efficiency in production.
Capital
Financial assets or the financial value of assets, such as funds held in deposit accounts and/or the tangible machinery and production equipment used in environments such as plants and factories.
Institutional Constraints
Regulations, norms, or laws imposed by institutions that limit or guide the behavior of individuals, groups, or firms within a society or economy.
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