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Technological Advance
The progress in technological development that leads to more efficient processes, products, or services.
Productive Capital
Resources such as machinery, tools, and buildings used in production to generate wealth.
MP/P
The ratio of marginal product to price, often used to optimize production levels in economic analysis.
Factor Markets
The venues where services of the factors of production, such as labor, capital, and land, are bought and sold.
Q19: _ is one ability that frequently stays
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Q195: _ has been described as the study