Examlex
Who originally defined the term 'competency'?
Average Costs
The total costs divided by the total output produced, a measure of cost efficiency for production.
Social Welfare
A concept concerning the well-being, health, and economic security of society as a whole.
Synergies
The increased effectiveness or efficiencies created when two or more elements or companies work together.
Public Ownership
The ownership of industries and assets by the government or state, as opposed to private individuals or corporations.
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