Examlex
Briefly define the term "earnings and profits."
Private Enterprise System
An economic system where private individuals or groups have the right to own property or businesses and make a profit with limited government intervention.
Ethical
Ethical refers to behavior or decisions guided by a set of moral principles and values, often relating to what is right and wrong.
Long Run
Refers to a period of time sufficient for all factors of production and costs to become adjustable, often used in economic analysis to predict future trends.
Risk-Taking
The act of undertaking actions or making decisions that involve the possibility of facing undesirable outcomes.
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