The output is the finished good or service, and inputs are raw materials, labor, utilities, liscensing fees, or other goods. These inputs are also known as factors of production. If the price of inputs goes up, the cost of producing the good increases
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Answer:
The country's most important economic asset is its strategic location connecting the Red Sea and the Gulf of Aden. As such, Djibouti's economy is commanded by the services sector, providing services as both a transit port for the region and as an international transshipment and refueling centre.
Explanation:
