A | B |
Inputs | The specific economic resources used in producing goods and services |
Labor-intensive process | A production process that relies heavily on the skills of workers |
Intermittent production process | A production process in which production periodically stops and then restarts |
Natural resources | Items that are found in nature and used to produce goods and services |
International Organization for Standardization (ISO) | A non-governmental organization that develops and publishes standards for business, government, and society |
Mass production | The rapid production of large quantities of a product |
Outputs | The goods and services produced as the result of combining inputs |
Intangible | Having no physical presence |