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In the Solow growth model of Chapter 7, the demand for goods equals investment:
Utilization
The extent to which an entity (e.g., equipment, workforce) is being used efficiently to produce goods or services.
Efficiency
The ratio of the output produced to the input resources used in the production process, indicating the effectiveness of resource utilization.
Effective Capacity
The maximum output rate or service capacity an operation, process, or facility can be expected to achieve under normal conditions.
Design Capacity
The maximum output or performance level that a facility or product is engineered to achieve under ideal conditions.
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