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Both short-run and long-run costs will decrease if the price of factor income increases.
Global Entrepreneurship Monitor
An annual assessment that measures the entrepreneurial activity, aspirations, and attitudes of individuals across a wide range of countries.
Perceived Opportunities
Opportunities that individuals or organizations believe exist and can be capitalized on, even if they have not been quantitatively proven.
Perseverance
The continued effort to do or achieve something despite difficulties, failures, or opposition.
Long-term Goals
Objectives set with an extended timeframe in mind, usually exceeding one year, to achieve significant accomplishments.
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