Examlex
Evolution can be described as a two-stage process that includes which of the following?
Diminishing Returns
A principle stating that as one factor of production increases while others remain fixed, there will eventually be a decrease in the incremental output gained.
Normal Rate
A standard or usual level of financial return on investment or interest on loans.
Supply
The total amount of a product or service that is available to consumers at a given price over a specific period.
Profits
The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.
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