Examlex
What is one benefit of the flexible production system?
Product Market
The marketplace in which final goods or services are offered for purchase by consumers, businesses, and the public sector.
Cell Phones
Portable electronic devices used for communication over long distances without a physical connection.
Circular-Flow Diagram
A visual framework that demonstrates the pathways through which money travels among marketplaces, connecting businesses to households.
Firm
An organization that produces goods and services for sale.
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