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The eugenics movement
Bureaucratic
Pertaining to a system of administration characterized by strict policies, procedures, and hierarchy.
Short-run Average Total Cost
The total cost of production (fixed and variable costs combined) divided by the quantity of output produced, calculated when some factors of production are fixed.
Factory
A manufacturing facility where goods are produced or assembled.
Efficient Scale
The level of production at which a company can produce its products at the lowest average cost per unit, maximizing efficiency.
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