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The Progressive constitution adopted by the Japanese in 1890, with authority placed in the executive branch of the government, was modeled on the government of
Production Function
An equation or graph that shows the maximum output a firm can produce with a given set of inputs, under the current technology.
Labor
The human effort, both physical and mental, used in the production of goods and services, a critical factor in determining productivity and economic output.
Output
Output refers to the total quantity of goods and services produced by an economy or business in a specific period.
Marginal Product
The supplementary yield achieved by the utilization of one additional unit of a variable factor, with all other resources remaining fixed.
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