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Why are unions considered to be victims of their own successes?
Production Possibility Frontier
An illustration representing the peak production capabilities of two items, based on available resources.
Capital
Assets used for the production of goods and services, including machinery, buildings, and equipment.
Production Possibility Frontier
A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology.
Capital
Refers to financial resources, machinery, and buildings used for producing goods and services.
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