Examlex
In the future, rapid population growth is___________ .
Input
Resources such as labor, materials, and energy that are used in the production process of goods or services.
Production Function
A mathematical representation that describes the relationship between inputs used in production and the resulting output.
Output
The aggregate sum of products or services generated by a business, sector, or economic system.
Cost
The value of everything a company gives up to produce goods or services, including materials, labor, and overhead expenses.
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