Examlex
The task of identifying risks should involve everyone associated with the project.
Automated Production
The use of technology and machinery to control production processes, reducing the need for human labor.
Cost-reducing
Efforts or strategies implemented to lower production expenses, improve efficiency, and increase profitability.
Standard of Living
The level of wealth, comfort, material goods, and necessities available to a person, community, or nation.
Productivity Decline
A decrease in the efficiency with which inputs are converted into outputs, often measured in terms of units produced per labor hour.
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