Examlex
____ involves words that just about anyone should be able to understand; it is accessible.
Opportunity Cost
The missing out on potential benefits from other options when selecting one path.
Marginal Product
The additional output that is produced by using one more unit of a given input.
Vertical Axis
The vertical axis in a graph or chart is the y-axis, representing the quantity or degree of the variable measured.
Capital Market
A financial market in which long-term debt or equity-backed securities are bought and sold, different from the short-term funds seen in the money market.
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