Examlex
A lawyer has implicit authority to do whatever is reasonably necessary to prepare and conduct the client's trial.
Marginal Productivity
The additional output that is produced by employing one more unit of a particular input, holding other inputs constant.
Income Distribution
The way in which total income is shared among the population or different groups within society.
Substitute Factor
A factor or input that can be used in place of another to produce a good or service.
Factor Production
Refers to the inputs or resources used in the process of producing goods and services, including land, labor, capital, and entrepreneurship.
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