Examlex
Capitalism mainly entails
Profit-maximizing
The process or strategy of adjusting production and sales to achieve the highest possible profit.
Payment to Labor
Compensation provided to workers for their labor, which can be in the form of wages, salaries, or benefits, for their contribution to production processes.
Marginal Revenue Product
The additional revenue generated by employing one more unit of a factor of production, holding all other inputs constant.
Marginal Product
The increase in output that results from employing one more unit of a specific input, while holding other inputs constant.
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