Examlex
Matching
Identify the letter of the choice that best matches the phrase or definition.
-It is based on the idea that all data and methods are self-contained.
Economic Profit
The disparity between what a company earns in total and what it spends, counting both direct and indirect costs.
Self-Interest
The motivation driving individuals to pursue their own benefits or advantages, often considered a fundamental economic assumption.
Guiding Function Of Prices
The role of prices in signaling to both buyers and sellers about the relative scarcity or abundance of goods and services, thus guiding their economic decisions.
System Accommodate Change
A system's ability to adjust or adapt to changes in its environment or operations, ensuring continued functionality or efficiency.
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