Franchises Constitute Only a Small Portion of All Retail Sales

question 8

True/False

Franchises constitute only a small portion of all retail sales in the United States.

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Definitions:

Productivity

The evaluation of production effectiveness, frequently expressed through the proportion of outputs relative to inputs within the production workflow.

Income

The financial gain earned by an individual or a business, typically through employment, investments, or sales.

Physical Capital

Tangible assets such as buildings, machinery, and equipment used in the production of goods and services.

Natural Resources

Raw materials and environmental assets that occur naturally on the planet, such as water, minerals, and forests, which can be utilized for economic gain.