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The congressional system of committees and subcommittees
Marginal Productivity
The additional output that can be produced by adding one more unit of a specific input, keeping all other inputs constant.
Perfectly Competitive
A type of market where numerous small firms compete against each other offering products that are virtually interchangeable and where no single company can dictate the market price.
Marginal Productivity
The additional output that is produced by employing one more unit of a particular input, holding other inputs constant.
Income Distribution
The way in which total income is shared among the population or different groups within society.
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