Examlex
If x increases and as a result y decreases,then x and y are
Technology Improvement
Enhancements or upgrades in technological capabilities that increase efficiency, productivity, or performance in processes or products.
Production Possibilities Curve
illustrates the maximum achievable output of two goods with a given set of resources and technology, demonstrating the trade-offs and opportunity costs in production.
Inefficiently Employed Resources
Inefficiently Employed Resources refer to the use of resources in a way that does not maximize the potential output or productivity, often leading to wastage and lower economic efficiency.
Economize
The act of reducing expenditure or conserving resources to achieve efficiency in the allocation of resources.
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