Examlex
Let x represent the number. Write the English phrase as an algebraic expression.
-63 less than a number
Marginal Productivity Theory
An economic theory that explains income distribution based on the productivity of the factor inputs in producing goods and services.
Income Distribution
The way in which a nation’s total income is spread among its population, affecting economic inequality.
Output Value
The total value of all goods or services produced by a firm or economy, often measured in terms of monetary value.
Imperfectly Competitive Market
A market structure where the assumptions of perfect competition, such as a large number of buyers and sellers, homogeneity of products, and free market entry and exit, are not fully met.
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