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If a firm has the option of growing at a 10% rate versus a 7% rate, should the firm always opt for the
higher rate of growth? Explain why or why not.
Social Responsibility
The obligation of an entity, individual or corporate, to act for the benefit of society at large, balancing profit-making with activities that benefit the community.
Entrepreneurship
The activity of setting up a business, taking on financial risks in the hope of profit.
Capitalism
An economic system characterized by private ownership of the means of production and the creation of goods or services for profit.
Entrepreneurship
The process of designing, launching, and running a new business or enterprise, particularly one that is characterized by innovation and risk.
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