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The key to improving efficiency and effectiveness to gain a competitive advantage is improvements in which area?
Production Possibilities Curve
A graphical representation showing the maximum possible output combinations of two goods that can be produced with available resources and technology.
Society's Resources
The assets, both natural and human-made, available to a society for producing goods and services.
Production Possibilities Curve
A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.
Slope Southeast
Directionally indicates a downward and to the right trajectory on a graph, often used in economics to describe certain types of curves like the demand curve.
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