Examlex
What is a progenote?
U.S. Farm Products
Agricultural commodities produced in the United States, including grains, fruits, vegetables, meat, and dairy products.
Economic Growth
(1) An outward shift in the production possibilities curve that results from an increase in resource supplies or quality or an improvement in technology; (2) an increase of real output (gross domestic product) or real output per capita.
Technological Change
The introduction of new technologies or the improvement of existing ones, which can significantly impact productivity, efficiency, and value creation in various sectors.
Minimum Efficient Scale
The smallest level of production at which long-term average total costs are minimized, allowing a firm to compete effectively in the market.
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