Examlex
An angular distance measured east or west of a prime meridian from the center of Earth is termed
Capital
Economic resources or assets used in the production of goods and services, such as machinery, buildings, or tools.
Marginal Product
The additional output resulting from the use of one more unit of a production input, holding other inputs constant.
Factor Market
A marketplace for the services of a factor of production, such as labor, capital, or land, essential for production processes.
Equilibrium Value
The price or value at which the quantity supplied is equal to the quantity demanded in a market.
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