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The total output of a group of individuals and the entire economy will increase when each good is produced at the lowest cost.

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Q: Which term applies to this definition?
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What is A definition that specifies the type of thing the term applies to and the differences between the things the term applies to and other things of the same type?

Analytical definition


A definition that points to names or describes one or more examples of something to which the defined term applies?

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What is the definition of output force?

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Whats the definition of load as it applies to levers?

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