Examlex
A computer's ability to imitate human decision making when confronting situations that are complex and ambiguous is called ______________________________.
Productive Efficiency
A state where goods and services are produced at the lowest possible cost and resources are utilized in the most efficient way.
Economies of Scale
The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.
Essential Raw Materials
Fundamental inputs necessary for the production of goods, often considered critical for a country's economy and security.
Patents
Legal rights granted by the government to inventors, giving them exclusive rights to their inventions for a certain period of time.
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