Examlex
A flat organizational structure is designed to be more responsive to the needs of management.
Economy's Potential
Refers to the maximum sustainable level of output an economy can produce, taking into account its resources and technology.
Time Preference
An individual's predisposition to prioritize present benefits over future benefits.
Real Interest Rates
The interest rates adjusted for inflation, more accurately representing the cost of borrowing and the yield on savings than the nominal interest rate.
Productive Projects
Initiatives or activities undertaken by firms or individuals that result in increased outputs or efficiency.
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