Examlex
In the business market, what are computer paper, pencils, and office stationery examples of?
Economic Profits
Profits earned by a firm after accounting for both its explicit and implicit costs, including opportunity costs.
Property Rights
The legal rights to use, control, and derive benefits from a resource, good, or property.
Natural Resources
Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, water, and fertile land.
Economic Losses
Financial deficits that occur when costs exceed revenues, or when the economic value generated is less than the resources used.
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