Examlex
In a double-blind procedure, neither the individual administering the drug or placebo nor the individual receiving the drug or placebo knows which substance is which.
Perfectly Mobile
Refers to resources or labor that can move without restriction or barriers between areas to find employment or investment opportunities.
Output Per Worker
The amount of goods or services produced divided by the number of employees, a measure of labor productivity.
Physical Capital
The tangible assets such as buildings, machinery, and equipment used in the production of goods and services.
Human Capital
The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization or society.
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