Examlex
Water is considered to be a ____ because it is able to dissolve many substances found in nature.
Bowed Outward
Describes a curve (such as in production possibilities frontier) that shows increasing opportunity costs for producing two goods.
Capital
Assets with monetary value, including cash and commodities, which are utilized to produce income or accumulate wealth.
Opportunity Costs
The financial loss associated with rejecting the next most favorable option during decision-making.
Inputs
Assets like work, supplies, and funds that are utilized in the manufacturing process to produce products and services.
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