Producers on the best combinations of resources to use
How did producers decide on the best combinations of resources to use? Who made these resources available, and why?
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The quest for profit led firms to produce these goods. Producers looked for and found the least-cost combination of resources in producing their output. Resource suppliers, seeking income, made these resources available. Consumers, through their dollar votes, ultimately decide on what will continue to be produced.
In heterodox economics, what implications does technical change and vintage technology contain for the cost structure of the business enterprise?
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Definition of “Full Employment”?
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