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Would you expect the following to be high or low in an automated firm: (1) safety margin, (2) operating leverage and (3) profit potential?
Economic Capacity
The maximum output that an economy can produce without big increases in inflation, utilizing fully its resources.
Investment Goods
Long-term assets purchased for the purpose of generating income, including machinery, buildings, and equipment.
Economic Growth
The uptick in the true economic value of goods and services made by an economy, accounting for inflation, as time progresses.
Technological Advance
The development and application of innovative techniques, tools, or methods that enhance efficiency, productivity, or quality.
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