Examlex
If you lived on an active fault and felt a small earthquake, what would that mean?
Economic Profits
Profits exceeding the opportunity costs of all inputs, indicating a return beyond the norm expected in the market or industry.
Industry
A sector of the economy characterized by a specific type of activity or product, such as manufacturing, technology, or services.
Firms
Business organizations that produce goods or provide services with the aim of making a profit.
Resources
Assets, materials, and inputs needed for the production of goods and services, including natural, human, and capital resources.
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