Examlex
Explain what a democracy is and note some prominent examples of this form of government throughout history.
3-D Printers
Devices that create three-dimensional objects by layering material according to digital models, used in various industries for prototyping, manufacturing, and hobbyist projects.
Factory Costs
The total expenses incurred in the manufacturing process, including labor, materials, and overhead costs.
Economies of Scale
Advantages in terms of costs that companies realize by enlarging their scale of operations, with the unit cost of production generally falling as the scale increases.
Total Product
The overall quantity of output that a firm produces, usually within a given period of time, based on the input of resources.
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