Examlex
One criticism of using business games as a training tool is that trainees:
Land Rent
The payment made for the use of land, typically based on its value and location.
Products Produced
The goods and services created as a result of the production process by an individual, company, or economy.
Changes
Variations, adjustments, or transformations in conditions, situations, or states over time.
Perfectly Elastic
Describes a situation in economics where the quantity demanded or supplied responds infinitely to changes in price.
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