Examlex
Explain why patents are important for innovation.
Precautionary Motive
The desire to hold cash or other liquid assets to meet unexpected needs and financial emergencies.
Financial Slack
The availability of excess funds or resources in a company that allows for flexibility in operations, strategic investments, or weathering financial uncertainties without immediate financial stress.
Keynes
Refers to John Maynard Keynes, a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and economic policies of governments.
Transactions Reasons
The underlying motives or justifications for conducting financial transactions or business operations.
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