Examlex
TCP/IP transmission control protocol/Internet protocol) is the basic communication protocol of the Internet. This protocol is supported by every major network operating system OS) to ensure that all devices on the Internet can communicate.
Production Possibilities Frontier
A curve depicting the maximum output combinations of two goods that can be produced given available resources and technology.
Opportunity Cost
The cost of what is foregone in order to pursue a certain action or decision.
Bowed-out
A term often used to describe a production possibility frontier that is concave from the origin, indicating increasing opportunity costs as more of one good is produced.
Adaptability
Adaptability is the ability to adjust readily to different conditions, environments, or situations, often considered a crucial skill in both personal and professional contexts.
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