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ECONOMIZE: The process of obtaining the most for the least. That is, to limit the cost of an action or to gain the greatest benefit from an activity. To economize also means to limit or prevent waste and inefficiency.
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SLOPE, PRODUCTION POSSIBILITIES CURVE The numerical value of the slope of the production possibilities curve, which illustrates the alternative combinations of two goods that an economy can produce with given resources and technology, is the opportunity cost of producing the good measured on the horizontal axis.
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Natural gas has no odor. The smell is added artificially so that leaks can be detected.
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"The roots of education are bitter, but the fruit is sweet." -- Aristotle, Greek philosopher
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GARP
Generalized Axioms of Revealed Preference
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