Examlex
A drawback of becoming a franchisor is the decrease in operating assistance.
Corporate Profits Tax
A tax imposed on the net income of corporations.
Long-Run Equilibrium
A state where all factors of production are variable, allowing firms to make adjustments, resulting in the economy or industry operating at its full capacity.
Noncorporate Sector
The part of an economy that involves the production of goods and services by individuals and organizations which are not incorporated as companies.
Corporate Sector
The part of an economy that is run by private individuals and companies, rather than the government, typically functioning within a framework of capitalist or market-driven principles.
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