Examlex
One way to think about party identification is as the sum of one's impressions of past actions by members or each party, which is known as the __________ basis of party loyalty.
U-Shape
A graphical representation describing a relationship or phenomenon that decreases, reaches a minimum point, and then increases, resembling the letter "U."
Economies of Scale
Reduction in per unit cost as the volume of production increases, due to factors like bulk purchasing and efficient use of resources.
Technological Change
The overall process of invention, innovation, and diffusion of technology or processes.
Returns to Scale
The rate at which output increases in response to proportional increases in all inputs or resources, reflecting the production efficiency of a firm.
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