Examlex
In the departmental, or business unit view of computing, information technology has a task-based focus.
Fixed Factor
A resource in the production process whose quantity cannot readily be changed in the short term.
Production
The process of creating goods or services by combining various inputs in order to make products that are suitable for consumption or further production.
Increasing Returns To Scale
A situation in production where an increase in the scale of inputs leads to a more than proportional increase in output.
Weak Axiom
In consumer theory, it refers to the consistency of consumer choice behavior under the assumption of non-increasing preferences.
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