Examlex
Total quality management (TQM) seeks to continuously improve an organization's ability to meet or exceed customers' demands, and, as such, is useful in a government setting as well as a business setting.
Capital
Wealth in the form of money or other assets owned by a person or organization or available for purposes such as starting a company or investing.
Factor Suitability
Factor suitability refers to the degree to which a country's resources—such as labor, land, and capital—are appropriate for producing certain goods or services efficiently.
Law Of Increasing Cost
An economic principle that states as production of a good expands, reflecting increased demand or supply shifts, the cost of producing an additional unit of output increases.
Butter
A dairy product made from churning milk or cream, widely used as a spread and in cooking.
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