Examlex
For a position such as an assembly worker, being specific is less important because it is not important for them to understand why they need to perform their job, only how they are to perform it.
Institutional Constraint
Restrictions and limits imposed by laws, regulations, and social norms that affect the decisions and actions of individuals and organizations.
Production Possibilities
define the alternative combinations of different goods or services that can be produced in a society with all its resources fully and efficiently utilized.
Cold War
The period of geopolitical tension between the Soviet Union and the United States, including their allies, from the end of World War II until the dissolution of the Soviet Union in 1991.
Productive Efficiency
A situation where the economy or a production system can no longer produce additional amounts of a good without lowering the production level of another product.
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