Examlex
Examine the IR below and classify the compound.
Factor Of Production
Resources utilized in the creation of goods and services, including land, labor, capital, and entrepreneurship.
Constant Returns To Scale
a condition in production where increasing the inputs by some proportion leads to an increase in output by the same proportion.
Physical Capital
Physical assets including facilities, tools, and machines utilized for manufacturing products and providing services.
Structures
The arrangement or organization of interconnected elements, which can pertain to physical buildings or systemic frameworks within a context.
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