Examlex
________ in an E-R diagram refer to the least number of entities required in a relationship.
Efficient Allocation
An optimal distribution of resources in an economy where it is not possible to make someone better off without making someone else worse off.
Resources
Assets, materials, and inputs needed to produce goods and services in an economy.
Standard of Living
A measure indicating the degree of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.
Total Annual Output
The total value or volume of goods and services produced by an economy within a year.
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