Examlex
In a mass-production environment, direct labor is usually a relatively small component of the total manufacturing costs.
Price Level
The average of current prices across the entire spectrum of goods and services produced in the economy, often measured by consumer price indices.
Net Increase
The amount by which something grows or goes up, calculated by taking total gains and subtracting any losses.
Inventories
The stock of goods or materials that a company holds for the ultimate goal of resale or production.
Investment
The purchase of new plants, new equipment, new buildings, and new residences, plus net additions to inventories.
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