Examlex
Because the Hubble constant equals 70 km/s/Mpc, a galaxy with a recession velocity of 4,900 km/s would be a distance of ____ Mpc from Earth.
Economics Definition
The study of how societies use scarce resources to produce valuable commodities and distribute them among different people.
Equilibrium
A market phase where demand is matched by supply, which in turn stabilizes prices.
Limited Resources
The scarcity of resources in comparison to the potentially limitless wants and needs, forcing the need for allocation decisions.
Capacity Utilization Rate
The percentage of a firm's total possible production capacity that is actually being used over a given period.
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