Examlex
Steps in the innovation cycle of the value chain include
Production Technology
The methods, equipment, and processes used to produce goods and services, encompassing both physical machinery and software systems.
Efficient Outcomes
Results or end-states that achieve the maximum benefit or utility with the minimal waste of resources.
Economy
The system of production, distribution, and consumption of goods and services in a particular geographic area.
Unemployment
The condition of being without a job, while actively searching for employment.
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