Examlex
Propensity of trust is a personality trait involving one's general willingness to trust oneself only.
Modern Factory System
An approach to manufacturing that involves large-scale, mechanized production methods, often under one roof or within one facility, leading to the increased efficiency and production output.
Marginalism
An economic principle that deals with the additional or marginal changes in costs and benefits for a unit increase or decrease in production or consumption.
Scarce Resources
Natural or human-made assets that have limited availability, which makes the allocation of these resources a fundamental economic challenge due to competing needs and desires.
Additional Costs
Expenses that are not initially projected or expected in the budget.
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