Examlex
One of the challenges in combating cyberterrorism is that many of the prime targets are not owned and managed by the federal government.
Maximum Possible Output
The highest quantity of goods and services an economy can produce when it is utilizing all of its resources efficiently.
Efficient Use
The allocation of resources in a manner that maximizes the output of goods and services with minimal waste.
Simplifying Assumptions
Simplifying Assumptions are used in economic models to reduce complexity by assuming ideal conditions that may not always reflect real-life scenarios.
Economic Growth
An increase in the economy’s ability to produce goods and services; reflected by an outward shift of the economy’s production possibilities frontier
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