Examlex
Why do some firms have longer planning horizons than others?
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two or more goods given a set of inputs.
Outward Shift
A movement of the supply or demand curve in an economic diagram indicating an increase in supply or demand, leading to changes in price and quantity.
Consumption Level
The total amount of goods and services that an individual or group consumes over a specific period.
Technological Improvement
Innovations and advancements in technology that enhance productivity, efficiency, and quality of goods and services.
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