Examlex
Which of the following is a morula?
Increasing-Cost Industry
An industry in which production costs increase as output expands, often due to scarce resources or rising input prices.
Industry Expands
The process of a sector in the economy growing due to an increase in demand, production, and often, employment.
Allocative Efficiency
A state of the economy where the distribution of resources among different uses is optimal, ensuring that the goods being produced are what consumers prefer the most.
Producing Output
The process of generating goods or services as the result of economic activity.
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