Examlex
Religious revivals have been spreading across various areas of the world. In some countries, such as China, however, the government faces a dilemma. How might religion threaten a government? How would a religious revival act as an antagonistic force to an established government? What kinds of strategies has the Chinese government seemed to use in order to avoid religion as a threat and still allow it to be practiced? What do you think are the underlying forces spurring the religious revival, what direction do you think it will take in the future, and what forces do you think will affect the future direction? Do you think religion will eventually die out in the future? Why or why not?
Labor
The human effort, physical or mental, used in the production of goods and services.
Marginal Product
Marginal Product is the additional output resulting from the use of one more unit of a production input, holding all other inputs constant.
Units of Output
The quantities of a good or service produced by a firm or economy.
Diminishing Returns
is an economic principle stating that if one input in the production of a commodity is increased while other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.
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