Examlex
Where did the task labor system originate from?
Second Worker
The term "second worker" can refer to an additional employee hired to perform tasks, often implying the expansion of workforce due to increased workload.
Law of Diminishing Marginal Returns
A principle stating that adding an additional factor of production results in smaller increases in output after a certain point, holding other inputs constant.
Variable Input
An input used in production that can be adjusted in the short term, such as labor or raw materials.
Short Run
A period in which at least one input or resource is fixed, limiting the capacity to adjust all factors of production.
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