Examlex
Economists usually assume that ________ is a fixed input in the ________ run.
Market Value
The current price at which an asset or service can be bought or sold in an open market.
Depreciated Value
The reduced worth of an asset over time due to wear and tear, obsolescence, or market conditions.
Corporation
A legal entity that is distinct from its owners, offering limited liability and the ability to raise capital by selling shares.
Sole Proprietorship
A type of enterprise owned and operated by one person, where there is no legal distinction between the owner and the business operation.
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