Examlex
The output of an AC generator can be as high as 250 volts if it is not controlled.
Supply Curve
A graphical representation of the relationship between the price of a good or service and the quantity supplied for a given period.
Substitute Choices
Options available that can replace or serve as alternatives to others, usually in the context of consumer goods or services.
Small Business Owner
An individual who owns and operates a business that is smaller in scale in terms of revenues, employees, and operations.
Economy Of Scale
The cost advantage achieved by companies when production becomes efficient, as fixed costs are spread out over more units of output.
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