Examlex
A phratry is a unilineal descent group.
Economies Of Scale
The economical benefits that businesses gain from their operation size, typically resulting in lower costs per unit of output as the scale expands.
Specialization
The process of focusing efforts and resources on a limited number of activities to increase efficiency and productivity.
Fixed Input
A resource in the production process whose quantity cannot easily be changed in the short term, such as buildings and machinery.
Marginal Cost
The increase in cost caused by producing one additional unit of a good or service.
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