Examlex
If Canon follows a low-price,low-margin strategy for a product,what impact will it have on competitors?
Factor of Production
An input used in the production of goods and services, including land, labor, capital, and entrepreneurship.
Human Capital
The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.
Education and Knowledge
Education and knowledge pertain to the process of acquiring information, skills, values, and understanding through experiences, schooling, and study, which collectively empower individuals and societies.
Factor Distribution
Refers to the way in which income is distributed among the factors of production, typically labor, capital, and land.
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