Examlex
Segregation refers to the act of
Resources Improvements
Enhancements or upgrades to the inputs used in the production process, including technology, labor skills, and machinery, leading to increased efficiency or productivity.
Technology Increase
Refers to advancements or improvements in technology that enhance productivity or efficiency.
Comparative Advantage
The capability of an entity, whether it be a person, company, or nation, to create a good or offer a service more efficiently, in terms of opportunity cost, than competitors.
Opportunity Costs
The value of the best alternative forgone in making any decision.
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