Examlex
Very large data transfers over broadband networks do not reduce the bandwidth availability for others on the network.
Production Possibilities
The various combinations of goods and services an economy can produce when all its resources are fully employed.
Capital Goods
Long-lasting goods that are used in the production of other goods or services and are not consumed in the production process.
Consumer Goods
Products that are purchased for consumption by the average consumer.
Production Possibilities Curve
A graphical representation that shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are used efficiently.
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