Examlex
Conclusions about the first T-group experiment were (1) feedback from the group was a rich learning experience and (2) the process could be transferred to "back home situations."
Derived Demand
The demand for a product or resource resulting from the demand for another product or service.
Outputs
Refers to the goods or services produced by a business or an economic system.
Factor of Production
An input used in the production of goods and services, including land, labor, capital, and entrepreneurship.
Human Capital
The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.
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