Examlex
Divide:
Technology Level
The current state of technological advancement and availability in a society or sector.
Resources Available
The total assets, both tangible and intangible, that are at disposal for use in the production of goods and services.
Production Possibility Frontier
A graph that shows all the maximum production possibilities of two or more products based on certain inputs.
Bowed Out
A phrase indicating withdrawal or retreat from a competition, situation, or commitment.
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