1. Home
  2. Principles of economics
  3. Cost and industry structure
  4. Explicit and implicit costs,

7.1 Explicit and implicit costs, and accounting and economic profit  (Page 14/15)

<< Chapter < Page
  Principles of economics     Page 14 / 15
Chapter >> Page >

  • Card 14 / 15:
    production

    the process of combining inputs to produce outputs, ideally of a value greater than the value of the inputs

  • Keyboard Shortcuts

    Previous Card ← Previous Card Button
    Next Card → Next Card Button
    Flip Card ↑ / ↓ / Return / Space
<< Chapter < Page Page > Chapter >>
Practice FlashCards 6 Key Terms 8

Read also:

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play Download on the App Store Now




Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Principles of economics' conversation and receive update notifications?

Ask