Examlex
What is the radius of the event horizon for the black hole at the center of the Milky Way?
Technological Knowledge
Society’s understanding of the best ways to produce goods and services.
Human Capital
The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value.
Diminishing Returns
An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.
Catch-Up Effect
The theory that poorer economies will tend to grow at faster rates than wealthier ones, allowing them to catch up in terms of income and other economic measures.
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