Examlex
Protocols are used to provide seamless flow of data.
Marginal Analysis
An examination of the benefits and costs of one more unit of a product or activity to help make efficient allocation decisions.
Full Employment
This term refers to the condition where all available labor resources are being used in the most economically efficient way, with no involuntary unemployment.
Production Possibilities Curve
A graph that shows the different quantities of two goods that an economy can produce with fixed resources and technology.
Human Economic Wants
Desires that require resources to satisfy, emphasizing the economic aspect of needs and desires.
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