Examlex
Functional subordination refers to the idea that gross motor skills are acquired before fine motor skills are learned.
Circular-Flow Diagram
A visual model that shows how money moves through an economy between households, businesses, and the government.
Factors Of Production
The inputs used in the production of goods or services in the attempt to make an economic profit, including land, labor, capital, and entrepreneurship.
Economy
The system by which goods and services are produced, distributed, and consumed within a particular geographical region.
Production Possibilities Frontier
A curve depicting all possible combinations of two goods that can be produced with available resources and technology.
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