Examlex
Simplify the expression.
Market System
A financial structure in which the choices about investment, production, and allocation are directed by the pricing cues generated by supply and demand dynamics.
Entrepreneurs
Individuals who innovate, create, and manage new businesses, taking on financial risks in the hope of profit.
Prudent Risk Management
The process of identifying, assessing, and prioritizing risks followed by coordinated application of resources to minimize, monitor, and control the probability or impact of unforeseen events.
Wage, Rent
Wage refers to the payment to labor for its contribution to production, while rent is the payment for the use of land or property.
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