Examlex
In calculating multifactor productivity growth,the elasticity of output to changes in capital (given as "b" in the textbook) is assumed to be
Herfindahl Index
A measure used to calculate the size of firms in relation to the industry and an indicator of the amount of competition among them; higher values indicate lesser competition.
Concentration Ratio
A measure used in economics to assess the level of competition in an industry by calculating the market share of the largest firms.
Internet Search Industry
A sector of the economy that involves companies which provide technologies and services for searching information on the Internet.
Product Differentiation
The process of distinguishing a product or service from others in the market to make it more attractive to a targeted audience.
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