Examlex
The option for a firm to expand future production has value because:
Technological Determinism
The theory that technology development drives societal change, with new technologies shaping economic, social, and cultural dynamics.
Nikolai Kondratiev
A Russian economist best known for proposing the theory of long economic cycles, or "Kondratiev waves," which suggest that capitalist economies experience long-term cycles of boom and bust.
Biotechnology
The use of living organisms or other biological systems in the production of drugs, agricultural products, and technologies.
Atomic Bomb
A weapon of mass destruction that releases energy through nuclear reactions, causing significant destruction and radiation exposure.
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