Examlex
A firewall is a system of hardware and software that monitors and controls the flow of e-commerce communications by channelling all network connections through a control gateway.
Industry Expands
The process of a sector growing in size through increased production, possibly due to higher demand or technological advancements.
AVC
Average Variable Cost, which is the variable cost per unit of output, calculated by dividing total variable costs by the quantity of output.
ATC
Average Total Costs, which is the sum of all production costs (fixed and variable) divided by the quantity of output produced, detailing the average cost per unit of output.
Economic Conditions
The state of an economy at a given time, encompassing factors such as inflation, unemployment rates, and GDP growth.
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