Examlex
_____ are realized when set-up cost reductions allow more frequent changeovers without increasing the cost per unit of output.
Velocity of Money
The velocity of money measures the rate at which money circulates in the economy, indicating how frequently units of currency are used to purchase domestically-produced goods and services within a given time period.
Commercial Innovation
A process or outcome that introduces new methods, products, or ideas into the market, improving efficiency, productivity, or offering new benefits to consumers.
Inflation Rate
The percentage increase in the general level of prices for goods and services in an economy over a period.
Store of Wealth
An asset or commodity that retains value over time and can be used to preserve or store purchasing power for the future.
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