Iqtisodiy xarajat
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Economic (opportunity) cost
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A payment that must be made to obtain and retain the services of a resource; the income a firm mustprovide to a resource supplier to attract the resource away from an alternative use; equal to the quantity of other products that cannot be produced whenresources are instead used to make a particular product.
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Iqtisodiy foyda
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Economic (pure) profit
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The total revenue of a firm less its economiccosts (which includes both explicit costs and implicit costs); also called above normal profit.
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Iqtisodiy o’sish
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Economic growth
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(1) An outward shift in the production possibilitiescurve that results from an increase in resource supplies or quality or an improvement in technology; (2) an increase either in real output (gross domestic product) or in real output per capita.
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