Examlex
Identify three of the four principles of procedural democracy, and discuss the difficulties with their implementation.
Marginal Efficiency
Marginal efficiency relates to the additional utility or benefit gained from consuming or producing one more unit of a good or service.
Inventory Investment
The purchase of goods that are not sold immediately but are held for future sales, contributing to a company's assets.
Inventory
The total amount of goods and materials held in stock by a business or company.
Gross Investment
The total amount of money spent on acquiring, upgrading, or maintaining physical assets before depreciation is taken into account.
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