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Roundabout Production
An economic concept that refers to more capital-intensive and indirect methods of production, which, although initially more time-consuming and costly, lead to greater efficiencies and outputs in the long run.
Capital Goods
Capital goods are physical assets that a business uses in the production process to manufacture products and services that consumers will later use.
Consumer Desire
The want for goods, services, or experiences that can provide satisfaction or utility to the consumer.
Profits of Industry
The total earnings of companies within a specific sector after subtracting costs and expenses.
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