Examlex
Describe what is meant by a gratuitous inducer.Give an example.
Entrepreneurial Ability
The human resource that combines the other economic resources of land, labor, and capital to produce new products or make innovations in the production of existing products; provided by entrepreneurs.
Laissez-Faire Capitalism
is an economic system where transactions between private parties are free from government intervention, such as regulations, privileges, tariffs, and subsidies.
Economic Functions
Concern the roles and operations of an economy, including production, distribution, and consumption of goods and services among individuals and organizations.
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