Examlex
Which type of satellite has a 250 millisecond latency, requires only three to cover the Earth, and has a lifespan more than 15 years?
Capital Goods
Tangible resources utilized by a business in creating goods and services for consumer consumption during the manufacturing process.
Technology Improvement
Enhancements or upgrades in technological capabilities that increase efficiency, productivity, or performance in processes or products.
Production Possibilities Curve
illustrates the maximum achievable output of two goods with a given set of resources and technology, demonstrating the trade-offs and opportunity costs in production.
Inefficiently Employed Resources
Inefficiently Employed Resources refer to the use of resources in a way that does not maximize the potential output or productivity, often leading to wastage and lower economic efficiency.
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