Examlex
Facultative anaerobes can utilize aerobic cellular respiration when oxygen is present and fermentation when oxygen is in low supply.
Quantity Supplied
The quantity of a product that suppliers are ready to sell at a particular price during a defined time frame.
Comparative Advantage
An individual's, a business's, or a nation's potential to produce a service or good at an opportunity cost that is inferior to that of its competition.
Production Possibilities
Production possibilities refer to the different combinations of goods and services that an economy can produce given its available resources and technology.
Specialization
The process of focusing effort and resources on a limited number of activities to increase efficiency and productivity.
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