Examlex
A wide area network (WAN) transmits data over a larger geographical area than a local area network (LAN).
Consumer Goods
Goods produced for direct consumption by the end customer, as opposed to goods used in the production of other goods.
Capital Goods
Physical assets that are used in the production of other goods and services and have a life expectancy of more than one year.
Production Possibilities Curve
A graphical representation that shows the maximum number of goods or services that can be produced efficiently with limited resources.
Units of Guns
A numerical measure representing the quantity of firearms, often used in discussions or models concerning economics or policy.
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