Examlex
Like the AFL, the IWW admitted only skilled workers.
Identical Products
Goods that are exactly the same in every characteristic, quality, and performance, with no differentiation.
Wasteful Duplication
The unnecessary repetition of tasks or production, often leading to inefficiency and increased costs.
Excess Capacity
A situation where a firm is operating below its maximum production capability and can produce more with the existing resources.
Physical And Human Capital
Assets including machinery, buildings (physical capital) and the skills, knowledge, and experience possessed by an individual or population (human capital).
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