Examlex
The process of photosynthesis is responsible for the synthesis of:
Increased Demand
A situation where the desire or need for a product or service grows, often leading to higher sales or consumption.
Pure Competition
A market structure characterized by a large number of small firms, a homogeneous product, and easy entry and exit from the market.
Long Run
A period in which all factors of production and costs are variable, enabling full adjustment to change.
Short Run
A period in which at least one input in the production process is fixed, and only some inputs can be adjusted by firms.
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