Examlex
A crow's foot notation would indicate the maximum cardinality of the relationship.
Bounded Rationality
The concept that decision-making is limited by the information available, the cognitive limitations of individuals, and the finite amount of time they have to make a decision.
Good Enough
A term that refers to a satisfactory solution or product that meets basic requirements without needing to be perfect.
Sunk Costs
Expenses that have been incurred and cannot be recovered, which should not influence future economic decisions.
Production
The process of creating goods or services using inputs like labor, capital, and raw materials.
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