Examlex
What are some of the technical developments that facilitated the voyages of exploration of the fifteenth and sixteenth centuries?
Marginal Cost
The increase in total cost that arises from producing one additional unit of a product.
Business License
A legal authorization granted by a governmental body allowing individuals or companies to operate a business within a specific jurisdiction.
Tax
A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Profit
The financial gain achieved when the revenue from a business activity exceeds the expenses, costs, and taxes associated with maintaining the activity.
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