Examlex
Which of these represent a basis for making programmed decisions?
Factors Of Production
The inputs used in the production of goods or services in the attempt to make an economic profit. These include land, labor, capital, and entrepreneurship.
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.
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