These occur when doubling all of the inputs to a production process more than doubles the output. The shape of […]

Innovation that improves an existing product or process cumulatively.

Working independently is the ability to work self-sufficiently on assigned tasks. You might receive direction on projects from a supervisor […]

A measure of the amount of something in one period of time, compared to the amount of the same thing […]

A curve of the points which indicate the combina­tions of goods that provide a given level of utility to the […]

This is an indicator of future economic growth as it is the manufacturing output of the nation.

A wave of technological advances and organizational changes starting in Britain in the eighteenth century, which transformed an agrarian and […]

Goods-producing business activity: agriculture, mining, manufacturing, and construction. Manufacturing is the most important component.

A dislike of outcomes in which some individuals receive more than others.

A relatively new industrial sector in a country that has relatively high costs, because its recent establishment means that it […]