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Proprietorships
Businesses that are owned and operated by a single individual, with no legal distinction between the owner and the business entity.
Opportunity Cost
The value of the best alternative that is forgone when a decision is made to pursue a particular course of action.
Expected Profit Rate
The forecasted return on an investment, calculated based on potential outcomes and their probabilities.
Net Inventory Investment
The change in the total value of inventories in an economy during a specific period.
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