Examlex
Chips and salsa are complements.If the price of salsa decreases, the demand for chips will increase.
Labor Resources
These are the human workforce available for physical and intellectual work towards producing goods and services.
Cost per Unit
The expense incurred to produce, acquire, or maintain one unit of a product or service, often used to analyze and manage business efficiency.
Economically Efficient
A condition in which a system optimizes the allocation of resources, producing the maximum number of goods and services with the least waste.
Entrepreneurial Ability
The skillset that enables individuals to recognize business opportunities, innovate, undertake risks, and manage businesses effectively.
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