Examlex
You live and work in a global village, with multicultural workplaces being managed by __________.
Productivity
A measure of the efficiency of production, usually calculated as the ratio of output produced to inputs used.
Marginal Revenue Product
is the additional revenue generated by employing one more unit of input, such as labor or capital, in the production process.
Variable Factor
An input in production that can be varied in the short term, such as labor or raw materials, in contrast to fixed factors like machinery or land.
Factor Of Production
An input used in the production of goods or services in order to make an economic profit. The primary factors include land, labor, capital, and entrepreneurship.
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