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B. producing a small number of products very efficiently
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What is the economic word that means concentrating on making or doing one thing well?
The economic term that refers to concentrating on making or doing one thing well is "specialization." Specialization allows individuals or entities to focus their efforts and resources on a specific task or product, leading to increased efficiency and productivity. This concept is fundamental in economics, as it enables trade and the division of labor, ultimately contributing to overall economic growth.
What term refers to cells having different jobs?
Cell specialization
What term refers to the amount of money loaned to consumers and businesses?
credit
What term refers to government payments to businesses for research and a new product development?
The term that refers to government payments to businesses for research and new product development is "grants." These financial aids are typically provided to foster innovation, support economic growth, and encourage technological advancements. Grants can come from various levels of government and may be targeted towards specific industries or research areas.
What term refers to the cost that motivates an economic decision?
Incentive
Economic term refers to a general rise in prices?
inflation
What is meant by the term cell specialization?
Cell specialization is a term that is used in biology. How cells specialize to do a specific function is cell specialization. It is controlled by gene regulations.
What does economic system?
The term "economic system" refers to the method by which trade and business organizations are regulated by the state.
Which term refers to the pattern of short-term ups and downs in an economy?
The term that refers to the pattern of short-term ups and downs in an economy is "economic fluctuations" or "business cycles." These cycles encompass periods of economic expansion followed by contractions or recessions, reflecting changes in economic activity, such as GDP, employment, and production levels.
What term refers to government payments given to businesses for research and new product development?
subsidies
What economic term refers to a general rise in prices?
apajedico
Which term refers to any item of economic value owned by a corporation?
assets
