Examlex
When the air conditioning system is operating,the discharge line should feel hot to the touch.
Production Process
The series of steps and operations involved in the creation of goods or services.
Inner Loop
In the context of the circular-flow diagram, it refers to the flow of goods and services from firms to households and the corresponding flow of money from households to firms.
Inputs And Outputs
The resources used in the production process (inputs) and the goods or services produced (outputs) in an economic system.
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two goods, given a set of inputs and technology.
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