Instructions: Please Use This Outline Map of Europe to Answer

question 9

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Instructions: Please use this outline map of Europe to answer the question(s).



Locate and label the point of origin of the following ideas: idealism, industrial socialism, technocratic socialism, phalansteries . Alongside each concept, place the name of its originator.

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Definitions:

Output Increases

Output increases refer to a situation where there is a rise in the quantity of goods or services produced by a company or within an economy.

Total Product

The total output or production achieved by a firm from a given amount of inputs.

Marginal Product

The increase in output that results from employing one more unit of a particular input, keeping all other inputs constant.

Diminishing Marginal Returns

is an economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, begins to decrease.