Examlex
A self-employed editor and writer is thinking about purchasing a new computer to use for work.In making this investment decision, the person should take time into account.
Factory Owner
An individual or entity that holds the ownership of a manufacturing unit where goods are produced.
Average Product
In economics, the output per unit of input, such as labor or capital, calculated by dividing total production by the total quantity of the input used in production.
Local Factory
A manufacturing facility situated within a specific locality or geographic area, contributing to the local economy.
Productivity
The efficiency with which inputs (such as labor and capital) are converted into outputs like goods and services.
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