Examlex
Radioactivity is the spontaneous emission of radiation from an unstable element.
Efficient Allocation
The optimal distribution of resources among competing uses to maximize output or welfare.
Ppf (Production Possibility Frontier)
A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology, when resources are fully and efficiently utilized.
Efficiently
Achieving maximum productivity with minimum wasted effort or expense.
Production Inefficiency
A situation where resources are not utilized in the best possible manner, resulting in wasted potential output.
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