Examlex
People from different cultures can differ in many ways.The cultural value of egalitarianism refers to ________; the cultural value of hierarchy refers to ________.
Excess Capacity
A situation where a firm is operating below its maximum production capability and can produce more with the existing resources.
Physical And Human Capital
Assets including machinery, buildings (physical capital) and the skills, knowledge, and experience possessed by an individual or population (human capital).
Excess Capacity
A situation where a firm is producing at a lower scale of output than it has been built to handle, due to insufficient demand.
Product Diversity
The variety of different items within a particular category available to consumers in the market.
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