Examlex
If an equilibrium reaction shifts to the right when the system is cooled,this indicates that the reaction is endothermic.
Available Resources
The assets, materials, and inputs that are available for use in the production of goods and services.
Inferior Technology
Technology that is less efficient or effective compared to the available alternatives.
Production Possibilities Frontier
A curve depicting the maximum feasible combinations of two or more goods or services an economy can produce when all resources are fully and efficiently utilized.
Circular-flow Diagram
A Circular-Flow Diagram represents an economic model visually demonstrating the movement of money through markets between households and companies.
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