Examlex
SBDCs are affiliated with colleges and universities and provide counseling solely through a group of retired executives.
Capital Goods
Physical assets that a company uses in the production process to manufacture products and services that consumers will later use.
Opportunity Cost
Giving up possible benefits from other solutions when a single solution is chosen.
Economic Growth
The increase in the inflation-adjusted market value of the goods and services produced by an economy over a period of time.
Entrepreneurship
The act of creating, organizing, and running a new business venture, typically characterized by risk-taking and innovation to achieve profit and growth.
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