Examlex
What conclusions did business managers draw from scientific management?
Soil Fertility
The ability of soil to provide essential nutrients to plants in adequate amounts for growth.
Overgrazing
The degradation of a grazing land, resulting from livestock grazing at a rate higher than the capacity of the land to regenerate.
Production Possibilities Curve
A graph that shows the combinations of two goods that can be produced using all available resources and technology efficiently.
International Specialization
The economic strategy where countries focus on the production and export of goods and services that they can produce most efficiently.
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