Examlex
Explain how HIPAA protects individuals' health records.
Productive Farmland
Land that is capable of producing a high yield of crops due to its fertility, favorable climate, or efficient management.
Diminishing Returns
The principle that as an increasing amount of one factor of production is employed, holding all other factors constant, the additional output generated will eventually decrease.
Marginal Productivity
Marginal productivity refers to the extra output, income, or benefit derived from using an additional unit of a variable factor of production, holding all other inputs constant.
Factors Of Production
The resources used to produce goods and services, traditionally categorized into land, labor, capital, and entrepreneurship.
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