Examlex
Interactive object location (IOL)automatically determines the geographic location of a vehicle and transmits information to a request.
Economy's Growth
The increase in the market value of the goods and services produced by an economy over time, typically measured as the percentage increase in real gross domestic product (GDP).
Total Output
The complete quantity of goods or services produced by a firm or within an economy during a given period.
Purely Competitive
A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit.
Marginal Revenue Product
The additional revenue generated from using one more unit of a factor of production.
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