Examlex
Which of the following does NOT promote speciation?
Output Effect
The impact on the total production of goods and services in an economy resulting from changes in demand, supply, technology, or factors of production.
Factors of Production
The basic inputs used to produce goods and services, including land, labor, capital, and entrepreneurship.
Complementary Resource
A good or service that is used together with another good or service to provide a benefit or function.
Substitution Effect
The economic understanding that as prices rise or incomes decrease, consumers replace more expensive items with less costly alternatives.
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