Examlex
When Acme Inc. produces a certain amount of output by using the least amount of inputs, Acme Inc. definitely
American System
An economic plan that played a significant role in American policy during the first half of the 19th century, advocating for a high tariff, a national bank, and federal subsidies for roads, canals, and other infrastructures.
Steam Power
A form of energy generated by heating water to create steam, historically significant for its use in the Industrial Revolution.
Manufacturing Environment
The setting or conditions in which the production of goods is carried out, often involving factories, machinery, and labor.
High-Pressure Steam Engine
An advancement in steam engine technology that allowed engines to operate at higher pressures, significantly improving efficiency and power output, crucial to the Industrial Revolution.
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