Examlex
When the firm takes out a long-term bank loan, then it is considered a use of cash.
Individual Rights
Legal principles that recognize and protect the freedoms guaranteed to each person, including freedom of speech, religion, and the pursuit of happiness.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, largely driven by international trade and investment and aided by information technology.
Social Contract
A theoretical framework suggesting that individuals mutually agree to sacrifice some freedom and submit to an authority or set of rules, in exchange for protection and social order.
Jean-Jacques Rousseau
An 18th-century philosopher known for his influence on political, educational, and cultural thought, particularly regarding society's natural state versus its corruption by civilization.
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