Examlex
Is there a connection between lean production and social responsibility?
Maximum Profit
The highest possible financial gain a business can achieve from its operations, given its costs and revenue structure.
Minimum Loss
The lowest possible amount of financial detriment that a business or individual can incur under given circumstances.
Rent-seeking
An economic concept describing the practice of gaining wealth without any contribution to productivity, typically by manipulating the social or political environment.
Market Protection
Measures implemented by a government to shield domestic industries from foreign competition, often through tariffs, quotas, or subsidies.
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