Examlex
Please define the following key terms.
- Eastern Front
Input
Resources used in the production process to produce goods or services, such as labor, raw materials, and capital.
Output
The amount of goods or services produced by a company, industry, or economy.
Function
A relation between a set of inputs and a set of permissible outputs, typically defined by a rule that every input is related to exactly one output.
Production Function
A mathematical model that describes the relationship between inputs used in production and the output generated from those inputs.
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