We Tend to Organize Concepts into ___________

question 114

Short Answer

We tend to organize concepts into ___________.

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Definitions:

Capital Intensity

The amount of fixed or real capital present in relation to other factors of production, especially labor.

Heckscher-Ohlin Theory

An economic theory that proposes countries will export products that use their abundant and cheap factor(s) of production and import products that use the country's scarce factor(s).

Overlapping Demand

A situation in which consumers with various preferences and needs cause markets for different products or services to intersect.

Iron Ore

A naturally occurring mineral from which iron (Fe) is extracted for industrial use.