Examlex
What does just-in-time production mean?
Economic Perspective
A viewpoint that envisions individuals and institutions making rational decisions by comparing the marginal benefits and marginal costs associated with their actions.
Productive Resources
Inputs used in the production of goods and services, including labor, capital, and natural resources.
Want
An unfulfilled desire or need that individuals or societies aim to satisfy through the acquisition of goods or services.
Marginal Analysis
The comparison of marginal (“extra” or “additional”) benefits and marginal costs, usually for decision making.
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