Examlex
An anther is
Capital
Economic resource that is used in the production of goods and services. It includes tools, buildings, machinery, and equipment.
Either-Or Decision
A decision-making process that involves choosing between two mutually exclusive options or paths.
Implicit Cost
The opportunity cost equal to what a firm must give up in order to use resources it already owns, not directly involving monetary payment.
Marginal Analysis
The study of marginal decisions.
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