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Production Functions
A formula that relates the output of goods and services to the inputs used in their production.
Capital
Financial assets or the financial value of assets, such as funds held in deposit accounts and/or the physical factors of production.
Capital
Financial assets or the financial value of assets, such as funds held in deposit accounts and/or physical factors of production.
Production Functions
A mathematical relationship that describes how input factors such as labor and capital are converted into output or goods and services.
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