Examlex
Why did the Nazis suppress avant-garde art and how did they exhibit it?
Unemployed Resources
Assets, labor, or capital that are available but not currently being used in the production of goods or services.
Production Possibilities Frontier
A graphical representation that shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.
Technological Improvement
Technological Improvement refers to advancements in technology that increase productivity and efficiency in the production of goods and services.
Inefficient Production
The process of producing goods or services in a way that uses more resources or takes more time than necessary, leading to wasted potential outputs.
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