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the period of time in which all the inputs (fixed and variable) can be changed. The time it takes for all factors to become variable.
when firms do not produce the correct quantity to suit demand as they do not use the resources...
when firms increase their capital equipment without employing more people.
the total value of all the money spent by the consumers in the households on final goods and...
workers who have had no formal or on-the-job training; but may become more competent with...