Examlex
The default alignment of text for the Normal template is:
Inputs
Inputs are the resources such as labor, materials, and capital that are used in the production process to create goods and services.
Industry Entry
The process by which a new competitor or business enters into an industry, facing various barriers such as high startup costs, regulatory requirements, and competition.
Short Run
A period of time during which at least one of a firm's inputs is fixed and cannot be changed.
Normal Return
The minimum profit necessary to keep a company in business, equating to the opportunity cost of capital.
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