Examlex
Volcanic island chains that form along the trace of a hot spot are called aseismic ridges.
Input
Resources used in the production process of goods and services, including raw materials, labor, and capital.
Decreasing Returns
A concept in economics where each additional unit of input results in a progressively smaller increase in output, often observed in production processes.
Marginal Product
The additional output that is produced by using one more unit of a particular input while holding other inputs constant.
Factor
An element or component, such as land, labor, and capital, that is used in the production of goods and services.
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