Examlex
On its own, heat flows from hot objects to cold objects.
Marginal Revenue Product
The supplementary earnings derived from utilizing an extra unit of a resource, like labor or capital.
Variable Resource
Inputs or resources used in production that change in amount with the level of output, such as labor or raw materials.
Unskilled Labor
Labor that requires no specialized skills, education, or training.
Skilled Labor
Workers who possess specialized skills, training, or knowledge that are used in the production of goods or the provision of services.
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