Examlex
The four most common elements in the human body are oxygen, carbon, nitrogen, and hydrogen.
Outputs
The goods or services produced by a company or an economy.
Production Process
The series of actions or steps taken in order to create a product or service.
Goods and Services
The physical items (goods) and intangible assistance or activities (services) that fulfill the needs or wants of consumers, forming the basis of all economic activities.
Comparative Advantage
The capacity of a country or firm to produce a particular good or service at a lower marginal and opportunity cost over another.
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