Examlex
In what way do Japanese schools recommend an academic track following the first nine years of school?
Scarce Resources
Limited supplies of inputs necessary for production, leading to trade-offs and choices in their allocation.
Capital
Assets or money possessed by an individual or organization, which can be used for initiating a business or investment purposes.
Marginal Rate
The additional cost or benefit associated with producing or consuming one additional unit of a good or service.
Transformation
The process of changing or converting one form or state of something into another, often seen in manufacturing and industry.
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