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Product Curve
A graphical representation showing the rate of output production for varying levels of one input while holding other inputs constant, often used in the context of the production function.
Innovation
The act of introducing something new or developing an improved version of a product, service, or process.
Invention
The creation of a new product, process, or idea that did not exist previously.
Production Process
The method or series of actions taken to manufacture, create, or produce goods and services.
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