Examlex
Explain how institutions can influence the progression of women and LGBTQ rights.
Resource Availability
The degree to which essential inputs for production, like labor, technology, and raw materials, are readily accessible for economic activities.
Short-Run
A period in economics during which at least one factor of production is fixed and cannot be changed.
Total Product Curve
A graphical representation showing how total output of goods varies with changes in the quantity of a single input, holding all other inputs constant.
Average Product
The yield generated for every unit of a production input, determined by dividing the overall output by the amount of the input used.
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