Examlex
Content development refers to the process teachers use to decide on the scope and sequence of the curriculum over a period of years.
Resources
Assets, materials, and inputs needed for the production of goods and services, including natural, human, and capital resources.
Market System
A market-based economic system where decisions about investment, production, and the allocation of goods are driven by the dynamics of supply and demand, with goods and services' prices being freely determined.
Profits
The financial gain realized when the revenue generated from business activities exceeds the expenses, taxes, and costs associated with maintaining the business.
Demand
The willingness and ability of consumers to purchase goods or services at various prices at a given time.
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