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Functionalists say that pluralism, a diffusion of power among many interest groups, prevents any one group from gaining control of the government and using it to oppress the people.
External Equity
Funds raised through the sale of company shares in the capital markets, as opposed to internal financing through retained earnings.
Retaining Earnings
The portion of net income that is not distributed to shareholders but is kept by the company to be reinvested in its core business or to pay debt.
Flotation Cost
The total costs associated with issuing new securities, including but not limited to underwriting, legal, and registration fees.
Equity Capital
Funds raised by a company through the sale of common or preferred stock, representing ownership interest in the company.
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