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| the production of more units of a product at one time.It includes the practices of specialation,division of labor,and human. |
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| Is the measure of the amount of output produced by a given amount of input, it reflects how efficently resources are being used. |
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| The choice to use the resource one way means not being able to use it in another way. |
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| The act of breaking down a job into small tasks preformed by different workers. |
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| the sum of peroples skills abilty and motivations |
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| takes place when people,businesses regions or even countries concentrate goods or services that they can produce better than anyone else |
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| these are cost that are the same no matter how many units of a good is produced |
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| expenses that change with the number of items produced |
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| the additional cost of producing one additional unit of output |
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| the change in total revenue that results from selling one more unit of output |
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