Examlex
Using simulation models,we are able to explore the sensitivity of various decisions to some of the model's
Market Economy
A type of economic system where supply and demand from consumers primarily determine the production of goods and services.
High Earnings
A term typically referring to significantly above-average income or profits.
Automated Production
The use of technology and machinery to control production processes, reducing the need for human labor.
Cost-reducing
Efforts or strategies implemented to lower production expenses, improve efficiency, and increase profitability.
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