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In an Industry,a Unit of Output Can Be Produced by 3

question 48

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In an industry,a unit of output can be produced by 3 unskilled workers or by 1 skilled worker.From this information,skilled and unskilled workers are


Definitions:

Ethics

The moral principles that govern a person's behavior or the conducting of an activity.

Treating Others

The manner in which individuals interact with and behave toward others, often reflecting their values, beliefs, and social norms.

Organization

A structured group of people working together towards common goals, characterized by a system of roles, rules, and relationships.

Business Competition

The rivalry among companies striving for greater sales, market share, and customer loyalty within the same market.

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