Examlex
Only difficult programming problems require a pseudocode solution before the programmer creates the implementation (program) itself.
Productive Efficiency
A situation where a good or service is produced at the lowest possible cost.
Technological Advance
Technological advance refers to the progression and innovation in technology that often leads to improved efficiency, production capabilities, and new product developments.
Preferred Mix
The optimal combination of goods and services an economy should produce, taking into account consumer preferences, resource availability, and socio-economic objectives.
Venture Capital
Financing provided by investors to startup companies and small businesses with perceived long-term growth potential.
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