Examlex
________ is the passage of water and small molecules across a semipermeable membrane from a solution of low solute concentration to a solution of higher solute concentration.
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.
Capital
Refers to assets or resources that businesses or individuals use to generate wealth through investment.
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