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Normalization Is the Process of Combining Two or More Tables

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Normalization is the process of combining two or more tables into a single table.


Definitions:

Factor Prices

The costs of the inputs that are used in the production of goods or services.

Production Function

A mathematical relationship describing the maximum output possible from a given set of inputs.

Units Of Output

The total quantity of goods or services produced by a company or industry in a specific period.

Junior Partner

A member of a partnership or firm who has less responsibility and usually a smaller share of the business than senior partners.

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