Examlex
Equilibrium exists when:
Economic Growth
The growth in the real market value of goods and services that an economy generates over a period.
Technology
The application of scientific knowledge for practical purposes, especially in industry - machinery, equipment, and software developed from such scientific knowledge.
Production Possibility Frontier
An illustration indicating the top production capabilities for a pair of items, given certain inputs like resources.
Productivity
A measure of the efficiency of production, often quantified as the ratio of outputs to inputs in the production process.
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