Examlex
The Red Guard was comprised of:
Market System
An economic system in which decisions regarding investment, production, and distribution are guided by the price signals created through the forces of supply and demand.
Efficient Production Technique
A method of production that achieves the highest output with the given set of inputs or resources, minimizing waste and costs.
Labor Resources
These are the human workforce available for physical and intellectual work towards producing goods and services.
Cost per Unit
The expense incurred to produce, acquire, or maintain one unit of a product or service, often used to analyze and manage business efficiency.
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