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Return on equity
Production Possibility Frontier
A curve depicting all maximum output possibilities for two goods, given a set of inputs, representing the trade-off between the two goods.
Efficient Production
A production process that operates at the lowest possible cost and produces the highest possible output with given resources and technology.
Production Possibility Frontier
A curve depicting the maximum feasible amounts of two goods that can be produced with available resources and technology.
Economic Growth
A growth in an economy's ability to produce goods and services when comparing one time period to another.
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