Examlex
Heritability is the amount of genetic variation in a particular population and a particular environment.
Decreasing Returns
A situation in which adding more of one factor of production, while holding others constant, will yield progressively smaller increases in output.
Factor of Production
An input used in the production of goods or services, such as land, labor, capital, and entrepreneurship.
Scale
Refers to the size or level of operation, especially in terms of the capacity to produce or serve in business and economics.
Increasing Returns
A situation where an increase in the amount of inputs results in a more than proportional increase in the output, demonstrating enhanced efficiency or productivity.
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