Examlex
A _____ is usually a small group of 2-12 close,same-sex friends who spend time together.
Technology Improvement
Enhancements in technology that lead to more efficient production processes, higher quality products, or new products and services.
Per-worker Production
A measure of productivity calculated by dividing the total output by the number of workers.
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two goods, given a set of inputs and production technology.
Economic Growth
An increase in the production of goods and services in an economy over a period of time, often measured by GDP.
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