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What do we call biologically determined, innate patterns of behavior?
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.
Capital Stock
Capital Stock represents the total physical or financial assets that a company utilizes for production, including buildings, machinery, and equipment.
Production Possibility Frontier
An illustration representing the peak production capabilities of two items, based on available resources.
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