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Bianca punched Mick.She now finds herself in court.The person who has brought the claim for damages against her is Mick himself.It is safe to assume that the court is concerned with a private law issue, rather than a criminal law issue.
Available Resources
The assets, materials, and inputs that are available for use in the production of goods and services.
Inferior Technology
Technology that is less efficient or effective compared to the available alternatives.
Production Possibilities Frontier
A curve depicting the maximum feasible combinations of two or more goods or services an economy can produce when all resources are fully and efficiently utilized.
Circular-flow Diagram
A Circular-Flow Diagram represents an economic model visually demonstrating the movement of money through markets between households and companies.
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