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Sunday, April 18, 2010

The knowledge of making goods



In fact , the quantites of goods people are able to produce depend not only on the quantities of resources they hace and put to use,but also on their technology ,the set of known nethods of production available on them,this knowledge of possible methods of production sets limits on the quantity of goods that can be set produced per unit pf resources .During the Past ventury,people have discoverd fertilizers,hormones and height-Yeild crops and have used these discoveries along with the agricultural mechanziation , to raise incridibly the Yield per acre of land

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