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Explain What It Means That Friendships Are Typically Between Peers

question 19

Essay

Explain what it means that friendships are typically between peers, and give examples of friendships in which this is not true.


Definitions:

Innovation of New Ideas

The process of creating and implementing new concepts, products, or solutions.

Creative Destruction

The replacement of existing products, processes, ideas, and businesses with new and better ones.

Economies of Scale

The economic benefits that companies gain from their size of operation, whereby the expense per output unit typically diminishes as the scale expands.

Large Quantities

A significant amount or number of items or material, often related to production or purchasing operations.

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