Examlex
During the LSA there was a shift to making ___________________ which are assumed to represent pieces that are combined to create composite tools.
Firm
A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services in exchange for revenue.
Reduces
Makes smaller in amount, degree, or size; diminishes or lessens.
Perfectly Competitive
A market structure where many firms sell identical products, no single firm can influence the market price, and there are no barriers to entry or exit.
Standardized Product
A product that conforms to specifications that ensure it is the same in quality and design, regardless of the source of production.
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