Examlex
Which of the following is a theoretical assumption of pluralism?
Productive
The efficiency at which an individual, company, or economy can convert input resources into useful output.
Diminish Profits
The reduction in the amount of earnings as a result of increased costs, decreased revenue, or both.
Economic Profit
The financial difference created by subtracting total explicit and implicit expenses from total revenue in a company.
Fixed Input
A resource or factor of production whose quantity does not change with the level of output in the short run.
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