Examlex
An intranet appears to users to be the same as the internet since it uses the same protocols such as TCP/IP.
Labor
Human effort, either physical or mental, used in the production of goods and services.
Capital
Financial assets or the financial value of assets, such as cash and buildings, used by a business to produce goods or services.
Least-Cost Combination
An economic principle where firms aim to achieve the lowest possible cost of production by efficiently combining resources.
Marginal Product
The additional output that is produced by adding one more unit of a specific input, while holding other inputs constant.
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