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Endangered Species Definition Endangered species are species of animals or plants that are at risk of extinction, either in a specific political jurisdiction or globally. These organisms are listed as … Read More
What is Production? To non-economists, production may only mean the creation (or making) of tangible goods. For example, making things like chairs or radios. Production in business is the system … Read More
What is equilibrium in Economics? Equilibrium in Economics (also known as economic equilibrium) can be defined as a state of balance in an economy, that is, there is a balance … Read More
What Animals are extinct? Animals are said to be extinct when the last individual species of the animal dies and the animal’s entire genetic heritage is lost for life. Extinction … Read More
What is the elasticity of supply? The elasticity of supply in Economics is the measure of the degree of responsiveness of the quantity supplied of a commodity to its price. … Read More
What is a Centriole? A Centriole can be defined simply as the cylindrical (rod-shaped) organelle that is composed of microtubules and stays next to the nucleus within the centrosome in … Read More
Potential meaning Potential is a term used generally to refer to currently unrealized ability. It can be used to describe the situation of untapped strength, dormant ability, hidden talents, and … Read More
What is elasticity in Economics? Before talking extensively about the elasticity of demand, let us look at what elasticity in economics implies. Elasticity in Economics is the measure of the … Read More