Examlex
When weld symbols are placed on both sides of the reference line, the welds can be made on either side of the joint.
Inputs
Factors including workforce, materials, and funds employed in the process of creating products or offering services.
Production
The process of combining various material inputs and immaterial inputs (plans, know-how) to make something for consumption.
Constant Returns To Scale
A situation in production where increasing the amount of inputs results in a proportionate increase in the output.
Poorer Grows Faster
An observation in economics that poorer economies tend to grow at a faster rate than richer economies due to the catch-up effect.
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